Re Duomatic [1969] 2 Ch 365
Country:
United Kingdom
Reviewed By Oxbridge Law Team
Updated 2024-01-04 07:05:23 UTC
Director was remunerated by company.
When company went insolvent, liquidator sought to recover payments on grounds they had not been authorised in general meeting (as required by statute).
Held
Payments had been signed off on accounts by 100% of the shareholders
Thus was inference that all shareholders had consented
Does not matter that consent of each individual shareholder was given at different points intime
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