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" The property of the company shall be applied in satisfaction of its liabilities pari passu, and, subject thereto, shall, unless it be otherwise provided by the regulations of the company, be distributed amongst the members according to their rights and... "
The Law Times Reports: Containing All the Cases Argued and Determined in the ... - Page 52
1872
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

Law reports, digests, etc - 1871 - 982 pages
...beyond all question, relates to the existing property of the company at the time of the winding up, for it is, "The property of the company shall be applied...is to say, the liquidator is to take the property as he finds it only ; and that is followed up by the 9th sub-section, which says, " The liquidators...
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

Law reports, digests, etc - 1869 - 1032 pages
...rights are likely to be prejudiced by the voluntary windingnp provided for by section 133, under which the property of the company shall be applied in satisfaction of its liabilities part passu. But if this action is maintainable, the plaintiff may sweep off everything. It is submitted...
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The Legal Observer, and Solicitors' Journal

Law - 1856 - 612 pages
...Gazette. 104. The following consequences shall ensue upon the voluntary winding up of a company: i. The property of the company shall be applied in satisfaction of its liabilities, and, subject thereto, shall, unless it be otherwise provided by the articles of association, be distributed...
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Practical Directions for Forming and Managing Joint-stock ..., Part 911

John Duncan (solicitor at law.) - Stock companies - 1856 - 166 pages
...consequences shall ensue Consequences upon the voluntary winding-up of a company :— of voluntary (1.) The property of the company shall be applied in satisfaction of its liabilities, and, subject thereto, shall, unless it be otherwise provided by the articles of association, be distributed...
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Parliamentary Papers, Volume 2

Great Britain. Parliament. House of Commons - Bills, Legislative - 1857 - 490 pages
...Company : ' r ' (1.) The Property of the Company shall be applied in satisfaction 15 of' its Liabilities, and, subject thereto, shall, unless it be otherwise...Regulations of the Company, be distributed amongst the IVlembcrs in proportion to their Interests : (2.) Liquidators shall be appointed for the Purpose of...
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The New Joint Stock Company Law (of 1856, 1857, and 1858) with All the ...

Great Britain, Charles Favell Forth Wordsworth - 1859 - 172 pages
...Gazette. CIV. The following consequences shall ensue upon the voluntary winding up of a company : — (1.) The property of the company shall be applied in satisfaction of its liabilities, and, subject thereto, shall, unless it be otherwise provided by the articles of association, be distributed...
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The Law of Joint Stock Companies: Containing the Companies Act, 1862, and ...

Leonard Shelford - Corporation law - 1863 - 680 pages
...(1.) The property of the company shall be ap- windingplied in satisfaction of its liabilities pari up (()passu, and, subject thereto, shall, unless it be...according to their rights and interests in the company ; (2.) Liquidators shall be appointed for the purpose of winding-up the affairs of the company and...
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International Commercial Law: Being the Principles of Mercantile ..., Volume 1

Leone Levi - Commercial law - 1863 - 570 pages
...1. Ihe property ot the company shall winding up. be applied in satisfaction of its liabilities part passu, and, subject thereto, shall, unless it be otherwise...according to their rights and interests in the company. 2. Liquidators shall be appointed for the purpose of winding up the affairs of the company and distributing...
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International Commercial Law: Being the Principles of Mercantile Law of the ...

Leone Levi - Commercial law - 1863 - 572 pages
...company shall winding up. be applied in satisfaction of its liabilities pari passu, and, subject therete, shall, unless it be otherwise provided by the regulations...according to their rights and interests in the company. 2. Liquidators shall be appointed for the purpose of winding up the affairs of the company and distributing...
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A Manual on the Winding Up of Companies by the Court of Chancery: Under the ...

Joseph Smith Taylor - Bankruptcy - 1865 - 518 pages
...following consequences shall ensue upon the comevoluntary winding up of a Company : — quences of (1). The property of the Company shall be applied in satisfaction...according to their rights and interests in the Company : (2). Liquidators shall be appointed for the purpose of winding up the affairs of the Company and...
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