In re J E Hurdley and Son Limited (In Liquidation) - [1941] NZLR 686

Company Law — Private Company — Winding-up — Directors — Misfeasance Summons — Liquidator's Allegations — Payments made by Directors (within Three Years of Commencement of Winding-up) out of Regular Course of Business, and Directors knowingly Parties to Contracting Debts (within Same Period) without Reasonable Expectation of Payment — Limitation of Action — Applicability to Liquidator's Claims — "Knowingly" — Companies Act, 1908, ss 170 (1), 254 — Bankruptcy Act, 1908, s 138 (b) (i) — Trustee Act, 1908, s 94 (1) — Civil Procedure Act, 1833 (3 & 4 Will IV, c 42), s 3 — Statute of Limitations, 1623 (21 Jac I, c 16), s 3.