Re Rica Gold Washing Co [1879] 11 Ch D 36
Country:
United Kingdom
Reviewed By Oxbridge Law Team
Updated 2024-01-04 07:12:47 UTC
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To apply for winding-up, any member must have a tangible interest in proceedings
I.e. must stand to receive a more than negligible sum of money upon distribution of assets of company
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Petition must be in good faith
I.e. must be for purpose of recovering money and not simply to annoy other members
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