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Secretary

for misfeasance under s. 276 (ibid.). He is entitled to preferential payment on account of salary in a winding-up [S. 264; Cairney v. Back, (1906) 2 KB 746].

Stannary

[see now Judicature Act, 1925, s. 26)], to county courts; see Companies Act, 1929, ss. 163 (jurisdiction in winding up), 297 to 299 (attachment of debts, preferential payments, and mine club funds), 339 (1) (contributories), 357 (prohibition

Unclaimed property

Unclaimed property. This devolves on the Crown at Common Law. Unclaimed property may be dealt with under the heads of (1) Government Stock, (2) Chancery Funds, (3) Stock in Public Companies, (4) Bankers' Balances, (5) Deposits...

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Meeting

be convened by members or by the Court (s. 115). As to meetings by creditors and contributories, see WINDING-UP. A resolution at an adjourned meeting is dated by the date of passing. Meetings of seditious societies are

Disposition of company property

there is a disposition of the company property which , if it occurs after the commencement of the winding up is avoided by s. 127, Hollicourt (Contracts) Ltd. v. Bank of Ireland, (2001) 2 WLR 290. Disposition

Insolvency

Vict. c. 83), all the enactments on this subject theretofore existing were repealed, and provision was made for winding up and terminating all mattes pending under the Acts for the relief of insolvent debtors. For administration of

Contribution

between partners for any excess, which has been paid by one partner beyond his share, if, upon the winding-up of the partnership affairs, such a balance appears in his favour; or if, upon a dissolution, he has

Debenture stock

debentures By the terms of much debenture stock the holders are not entitled to demand payment until the winding up of the company or default in payment in the case of railway debentures they cannot demand payment

Arrest

218 of the Companies Act, 1929, as to the power to arrest an absconding contributory in case of winding up by the Court. see also CONTEMPT OF COURT. The two great statues for securing the liberty of

Ashbourne Act

Ashbourne Act, the (English) Purchase of Land (Ireland) Act, 1885 (48 & 49 Vict. c. 73), to provide greater facilities than those given by part five of the Land Law (Ireland) Act, 1881, for the sale...

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