Sinclair v Brougham: HL 12 Feb 1914

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:

Bailii

Jurisdiction:

England and Wales

Banking

Updated: 26 April 2022; Ref: scu.620707