The nature of the membership of the RAC was that it ceased upon death, and that therefore the deceased estate had no interest in the proceeds of a later sale of the company. The share was a personal asset, akin to the membership of many other clubs.
Neuberger J
[2000] 1 BCLC 307
England and Wales
Cited by:
Cited – Bruce Peskin; Kevin Milner v John Anderson and Others CA 14-Dec-2000
The Royal Automobile Club (RAC) had been demutualised. The claimants were former members who sought damages from former directors because they had received no benefit. They had ceased to be members before the re-organisation and claimed they should . .
Lists of cited by and citing cases may be incomplete.
Company
Updated: 20 January 2022; Ref: scu.185804