The articles of association of a one-ship company, article 37, provided: ‘The partners for the time being of Babtie and Company of Glasgow shall be the first managers of the company. . . ‘ Held (rev. judgment of the First Division) that the individuals who were partners of Babtie and Company at the time when the company was incorporated remained managers till death, resignation, disqualification, or removal, quite irrespective of any changes in the constitution of Babtie and Company.
Judges:
Lord Dunedin, Lord Atkinson, Lord Shaw, Lord Parmoor, and Lord Wrenbury
Citations:
[1915] UKHL 849, 52 SLR 849
Links:
Jurisdiction:
Scotland
Company
Updated: 26 April 2022; Ref: scu.620690