In re Investment Executive Trust of New Zealand Limited (In Liquidation) - [1937] NZLR 815

Company Law — Misfeasance — Estoppel — Practice — Fiduciary Position of Managing Director — Summons for Misfeasance including alternative Claim to place him on List of Contributories — Illusory Consideration of Debentures exchanged for Shares allotted — Invalidity of Issue and Allotment of Shares — Failure in Compliance with Articles — Whether Shareholder estopped from alleging same — Companies Act, 1933, s 269.