In the absence of any contractual obligation otherwise, the funds of a mutual society must be distributed equally on a dissolution.
Citations:
[1979] 1 WLR 936
Jurisdiction:
England and Wales
Cited by:
Cited – Elvridge v Coulson ChD 15-Jul-2003
An unregistered friendly society was dissolved. The governing instrument provided that the votes should be counted according to value, and that a vote of five sixths of such members by value were need to dissolve the company. Members claimed to be . .
Cited – Hunt and Another v McLaren and others ChD 4-Oct-2006
Land had been given to a football club under a trust for its exclusive use as such. That land was sold and a new ground acquired and a stadium built, but the land was subject to restrictive covenenats limiting its use to sports, which considerably . .
Lists of cited by and citing cases may be incomplete.
Company, Trusts
Updated: 29 April 2022; Ref: scu.185827