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Court of Appeal Wellington
23 September; 27 November 1970
North P, Turner and Richmond JJ.
23 September; 27 November 1970
North P, Turner and Richmond JJ.
Trusts and trustees — Trusts — Resulting trusts — Companies and their officers — Motor cars purchased with company assets in name of sole directors and shareholders.
Company law — Companies under the Companies Act 1955 — Directors — Sole directors and shareholders exercising company's powers to defraud company — Motor cars purchased with company assets.