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Accumulated loss

Accumulated loss, means so much of the loss of the amalgamating banking company under the head 'profits and gains of business or profession' (not being a loss sustained in a speculation business) which such amalgamating banking...

Chose

17 Ch D 234, it was held that a 'thing in action' under s. 95 of the (English) Companies Act, 1862 (see now s. 191 (2) of the (English) Companies Act, 1929), included claims in a winding-up

Corporation or body politic

the retainer of an inferior servant, the acceptance of bills of exchange, or making of promissory notes by companies incorporated for the purpose of trade, or the doing of acts frequently occurring; in these cases, the affixing

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Deferred stock

paid to the holders of the 'preferred,' according to the classification in the memorandum or Articles. See also Companies Act, 1929, s. 50, in regard to companies limited by shares or limited by guarantee. See as to

Discount

Discount [fr. dis and conte, Fr.], abatement; commonly a sum of money deducted from a money obligation in consideration of its payment before the stipulated time. Discount means the sum of money or the quantity of...

Duly constituted according to law

winding up. It is not a company entitled to be registered under Part XXII, Chpater II of the Companies Act, 1965, R. v. Registrar of Joint Stock Companies, Ex parte Johnston, (1891) 2 QB 598 (CA)

Inspector

other public bodies. As to Board of Trade inspectors to investigate the affairs of a company, see (English) Companies Act, 1929, s. 135; and inspectors appointed by the company itself by special resolution (s. 137, ibid.). Inspector

Interest

the judge announcing his interest; see, e.g., Law Times newspaper of June 30, 1906, at p. 222. The Companies, the Railways [see Wakefield Local Board v. West Riding and Grimsby Ry. Co., (1865) LR 1 QB 84],

It shall be lawful

It shall be lawful, according to s. 105(1) of the Companies Act, 1913 'It shall be lawful for a company to pay a commission to any person in consideration

Law

Law [fr. lage, lagea, or lah, Sax.; loi, Fr.; legge, Ital.; lex, fr. ligo, Lat., to bind], a rule of action to which men are obliged to make their conduct conformable. A command, enforced by some...

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