Mutual Life and Citizens Assurance Co Ltd v Mosgiel Ltd - [1994] 1 NZLR 146

Company law — Dividends — Redeemable cumulative specified preference shares — Company in receivership — Company continuing to trade through subsidiary — Company coming out of receivership prior to date of redemption of preference shares — Rights of specified preference shareholders on redemption to dividends on profits earned during receivership — Priority of payments on distribution of surplus assets by a liquidator.