Re The Mexican And South American Company In Re Aston; 12 May 1859

References: [1859] EngR 608, (1859) 27 Beav 474, (1859) 54 ER 188
Links: Commonlii
Where a witness objects to answer, on the ground that he may subject himself to penalties, he must, in many instances, be the only one to determine on his liability; but when the facts disclosed raise a point of law as to his liability, the Court must decide it.
A joint stock company whose shares are represented to be transferable by delivery, is not necessarily illegal at common law.
A joint stock company established without Act or charter in 1835, and prior to the Joint Stock Companies Registration Act (7 & 8 Vict. c. 110), does not, upon an alteration in the shareholders subsequent to that Act, require registration.
The case of Blundell v. Winsor (8 Sim. 60), commented on.
A stockbroker held bound to discover the names of the persons for whom he had purchased shares in a joint stock company which had neither been incorporated, chartered or registered, and which was regulated by no deed of settlement, and whose shares passed by delivery.
Last Update: 26-Oct-15 Ref: 287960