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5 Cards in this Set
- Front
- Back
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Companies Act s170(4)
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The general duties shall be interpreted and applied in the same way as common law rules or equitable principles, and regard shall be had to the corresponding common law rules and equitable principles in interpreting and applying general duties
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Is it possible to ignore EU law ?
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No, case law show it is not. (case?)
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Corporation four distinctive characteristics:
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-legal personality (Salomon v. Salomon; )
-transferability of ownership interests -functional managerial hierarchy -limited liability |
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Salomon v. Salomon [1897]
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The company at law is a completely different person from the subscribers to the memorandum
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Legal personality requires... s15(1) CA 2006
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Proper incorporation in the registrar, that will then deliver a certificate proving the registration
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