Scottish Law of Conveyancing; Moveable Rights

Scottish Law of Conveyancing; Moveable Rights

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 edition. Excerpt: ... regard to the rights and interests of the members of the company, or of any class of those members, as well as to the rights and interests of the creditors, and may, if he thinks fit, adjourn the proceedings in order that an arrangement may be made to the satisfaction of the Court for the purchase of the interests of dissentient members; and the Court may give such directions and make such orders as it may think expedient for the purpose of facilitating any such arrangement or carrying the same into effect: Provided always that it shall not be lawful to expend any part of the capital of the company in any such purchase. (5.) The Court may confirm, either wholly or in part, any such alteration as aforesaid with respect to the' objects of the company if it appears that the alteration is required in order to enable the company--(a.) To carry on its business more economically or more efiiciently; or (b.) To attain its main purpose by new or improved means; or (0.) To enlarge or change the local area of its operations; or (d.) To carry on some business or businesses which under existing circumstances may conveniently or advan' tageously be combined with the business of the company; or (e.) To restrict or abandon any of the objects specified in the memorandum of association or deed of settle_ ment. Section 2 is in these terms: --(1.) Where a company has altered the provisions of its memorandum of association or deed of settlement with respect to the objects of the company, or has altered the form of its constitution by substituting a memorandum and articles of association for a deed of settlement, and such alteration has been confirmed by the Court, an ofiice copy of the order confirming such alteration, together with a printed more

Product details

  • Paperback | 234 pages
  • 189 x 246 x 12mm | 426g
  • United States
  • English
  • black & white illustrations
  • 1236870964
  • 9781236870964