This website uses cookies to ensure you get the best experience on our website. Learn more

Re Express Engineering Works [1920] 1 ch 466 (ca)

By Oxbridge Law TeamUpdated 04/01/2024 07:05

Judgement for the case Re Express Engineering Works

Table Of Contents

  • All 5 shareholders of a company approved issue of debentures; according to articles, this had to be done at general meeting.

  • Company went insolvent, liquidator alleged issue of debenture was invalid as it had not been done at general meeting.

Held

  • Statute was for protection of shareholders.

  • Thus given all 5 shareholders had unanimously decided to waive procedure in statute, issue of debenture valid.

Any comments or edits about this case? Get in touch

For Further Study on Re Express Engineering Works

Need instant answers? Our AI exam tutor is here to help.

Ask questions 🙋 Get answers 📔 It's simple 👁️👄👁️

Our AI is educated by the highest scoring students across all subjects and schools. Join hundreds of your peers today.

Get Started

Related Product Samples

These product samples contain the same concepts we cover in this case.

Claim every advantage to get a first in law
Company law Notes
805 total pages
1071 purchased

Company law notes fully updated for recent exams in the UK. These notes...