Where a building society had out with its powers done banking business and taken deposits from the public, held that depositors and shareholders ranked pari passu in the liquidation.
Judgment of the Court of Appeal sub nom. re Birkbeck Permanent Benefit Building Society, 1912, 2 Ch. 183, varied.
Judges:
Lord Chancellor (Viscount Haldane), Lords Dunedin, Atkinson, Parker, and Sumner
Citations:
[1914] UKHL 585, 52 SLR 585
Links:
Jurisdiction:
England and Wales
Banking
Updated: 26 April 2022; Ref: scu.620707