Birch v Cropper (1889) 14 App Cas 525 is a UK company law case concerning shares. It illustrates the principle of exhaustion, that the rights attached to a share in an article would be presumed exhaustive, although one should construe the nature of a share with a starting presumption of equality. The principle is … See more The company sold its canal business to another company and made a profit. It proposed to wind up and distribute the £500,000 remaining to shareholders. There were 130,000 ordinary shares. There were also … See more The House of Lords held clearly preferential shares were not debentures, they are equity, because the 5% preference would not be paid if there was no profit, whereas a 5% interest rate would have to be. To calculate their entitlement on winding up, the court should … See more • UK company law • Andrews v Gas Meter Co [1897] 1 Ch 361 See more Web1. A company's Issued Share Capital is made up on shares purchased by the first members of the company (subscriber shares) and 2. Further shares issued after the company has been incorporated, to new or existing shareholders.
Trevor v Whitworth - Wikipedia
http://everything.explained.today/Birch_v_Cropper/ WebTrevor v Whitworth (1887) 12 App Cas 409 is a UK company law case concerning share buybacks. It held they were unlawful. The case is often used in support for the Capital … device signup yokogawa
Re Halt Garage (1964) Ltd - Wikiwand
WebCropper [1889] 14 App Cas 525 (HL), namely, that of debenture holders. In his dissenting opinion in the Wilsons and Clyde's case [1949] 1 All ER 1068 ; [1949] AC 462 (HL), Lord Morton of Henryton, after citing a passage from Lord Macnaghten's speech in Birch v. Cropper [1889] 14 App Cas 525 (HL), based this conclusion on it (ibid, 1086): WebTypes of Shares All shares have the same rights unless the company’s articles provide advantages for some classes of shares Birch v Cropper (1889) 14 App. Cas. 525. Ordinary shares Preference shares church fall festival clip art