A company established for one purpose cannot, against the will of any dissentient minority (however small) undertake a business foreign to its original object. Thus a railway company cannot become a steam-boat company or carry on a brewery.
Citations:
[1866] EngR 132, (1866) 36 Beav 10, (1866) 55 ER 1059
Links:
Jurisdiction:
England and Wales
Company
Updated: 20 December 2022; Ref: scu.280843