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Re Rica Gold Washing Co [1879] 11 Ch D 36

By Oxbridge Law TeamUpdated 04/01/2024 07:12

Reviewed ByOxbridge Law Team

Judgement for the case Re Rica Gold Washing Co

To apply for winding-up, any member must have a tangible interest in proceedings
- I.e. must stand to receive a more than negligible sum of money upon distribution of assets of company
Petition must be in good faith
- I.e. must be for purpose of recovering money and not simply to annoy other members

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