Sale – Copartnery – Liability.- Circumstances in which a sale of stock, completed and carried through by one body of directors and not the whole, was held to liberate the partner, who sold his stock to the Company, from all liability as a partner, though by the rules of the Company, the transfer behoved to be submitted to the whole three bodies of directors, and though the Company was insolvent at the time.
Citations:
[1781] UKHL 2 – Paton – 575, (1781) 2 Paton 575
Links:
Jurisdiction:
Scotland
Company
Updated: 13 September 2022; Ref: scu.562113