Winding Up - Law Dictionary Search Results
Novation
companies there is nothing to prevent novation if established by sufficient evidence. Many such cases arose in the winding-up of the Albert Company and the European Company, which will be found collected in Buckley on Companies. Substitution
Official liquidators
Official liquidators, officers appointed to conduct the proceedings and to assist the court in winding up a joint-stock company, (English) Companies Act, 1862, s. 92. See now (English) Companies Act, 1929, s. 185, replacing
Official managers
Official managers, persons formerly appointed, under statutes now repealed, to superintend the winding-up of insolvent companies under the control of the Court of Chancery
Keep your definitions linked to case research
Official receivers
Smith, (1909) 2 KB 306. As to the official receiver becoming provisional liquidator on the making of a winding-up order, see Companies Act, 1929, s. 185, and LIQUIDATOR
Preferential or preference shares or stock
priority as to payment of dividends of a fixed amount, and, in some cases, of capital upon a winding-up, over the ordinary shares. The dividends are usually contingent upon the profits of each year or half-year. In
Proof
testimony, convincing token means of conviction. Also standard strength of spirituous liquids. See BURDEN OR PROOF; EVIDENCE; BANK-RUPTCY; WINDING-UP. The word 'proof' need be understood in the sense in which it is defined in the Evidence Act
Liquidation
of joint stock companies is provided for by Part IV. of the Companies Act,1929. See next title and WINDING-UP.
Receiver
in actions for administration; in actions by mortgages or against trustees or executors; in actions between partners for winding up the partnership business, and in a great many other cases. (2) A mortgagee may also appoint a receiver
Reconstruction company
Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2(1)(v)] Reconstruction of a company, upon a voluntary winding-up the company may sell its undertaking for property of (including profits in) the purchas-ing company; see Companies Act,
Release
claim or demand upon another person--most commonly, perhaps, the formal discharge given by beneficiaries to trustees on the winding-up of a trust. A trustee cannot ordinarily insist on a release under seal; he is only entitled (in
- ‹ Prev
- 1
- 2
- 4
- 5
- 6
- Next ›
- Last »
Try the research workspace - 7 days free