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Nerve - center test

business, by which the principal place of business is determined to be the location where the corporate officers, directors, and (sometimes) shareholders reside, and where they direct and contest the corporation's activities, Black's Law Dictionary, 7th Edn.,

Managing Director

company or of a resolution passed by the banking company in general meeting or by its Board of directors or, by virtue of its memorandum or articles of association, is entrusted with the management of the whole,

Minimum subscription

application sums therefor received before allotment of shares. The amount includes the minimum required, in the opinion of directors, for property to be bought by the proceeds of issue, preliminary expenses, if any repayment of loans for

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Minutes of a company

Minutes of a company must be kept of all general meetings and meetings of the directors or managers in a book which is open to inspection by the members (Companies Act, 1929, ss. 120

Misfeasance

v. Manchester Corporation, (1928) 1 KB 776. As to misfesance proceedings in the course of a winding-up against directors, promoters, managers or others, see Companies Act, 1929, s. 276.

Money lender

of the (English) Companies Act,1929, relating to the publication of names and other particulars of and concerning the directors. See the Acts of 1900 and 1927 and their history, together with the Inland Revenue and Board of

Name

7 Geo. 5, c. 38), and S.R. & O., 1916, No. 186, and 1926, No. 521; also COMPANY; DIRECTORS. It includes any abbreviation of a name. [Geographical Indications of Goods (Registration and Protection) Act, 1999 (48 of

Negligence

and reasonable man would not do, [See Blyth v. Birmingham Waterworks Co., (1856) 11 Exch 781: Bridges v. Directors etc. of N.L. Ry. (1873-74) HL 213; Governor-General in Council v. Mt. Saliman, (1949) ILR 27 Pat 207:

Ultra vires

Co. v. Riche, (1875) LR 7 HL 653, where the Houseof Lords held that a contract by the directors of a company incorporated under the Companies Act, 1862, if it be outside the Memorandum of Association, neither

Prison

extracts from the Prison Rules, 1899, under it, see Chitty's Statutes, tit. 'Prison'), has constituted the Prison Commissioners Directors of Convict Prisons, established three divisions of prisoners, not sentenced to penal servitude or hard labour, and restricted

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