Dafen Tinplate Co v Llanelly Steel Co [1920] 2 Ch 124
Country:
United Kingdom
Reviewed By Oxbridge Law Team
Updated 2024-01-04 07:05:09 UTC
Resolution inserted new article empowering majority to buy out “any shareholder as they thought proper”.
Held
Article was invalid.
This because it was self-evidently wider than could be necessary in interests of company.
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