A COMPANY MATTER
VALIDITY OF MBMBERSHIP An application was mado before Mr. Justice Ostler in the Supreme Cpurt today by William Smith Mac Gibbon, public accountant, of Christchiu-ch, for an order that the A list of contributaries of E. Harding and Co., Ltd. (in liquidation), general merchants, Wellington, and tho certificate of the liquidatpr finally settling the ; same' should; bo, varied by the exclusion Of his name. Mr. W. J. Sim, who ■•appeared in support of tho application, contended- that Mac Gibbon was never- a member of the company, becauso, although ho signed the articles of association, yet before registration of'those articles, he had withdrawn his namo by letter.. Further, Mr.' Sim submitted, that if that bo not bo, then he had transferred his shares to another person, and the company had either accepted" that"transfer or ought to have accepted it. , Mr. F. C. Spratt, wno appeared to oppose, submitted that'even if MacGibbon had withdrawn, his inamo he had afterwards, ratified/the use' of it by acting as a director and later by-transfer-ring the shares, so that he could only escape on Mr.. Sim's second.point. Li regard to that, counsel contended that Mac Gibbon was guilty of delay in not seeing that the transfer was carried through, and he could not complain of allegod irrogularitWß^by, jXa. directorate, seeing that'he was aidi'rcQion ■ ~'\ ■■" (Proceeding.)
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19280525.2.128
Bibliographic details
Evening Post, Volume CV, Issue 122, 25 May 1928, Page 11
Word Count
221A COMPANY MATTER Evening Post, Volume CV, Issue 122, 25 May 1928, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.