Re Coachman Tavern (1985) Ltd - [1988] 2 NZLR 635

Company law — Shares — Payment on invalid call — Articles of association provided for calls on shares to be made by directors — Company in general meeting made a call for the full value of the shares held by two shareholders — Company went into liquidation and liquidator listed the two shareholders as contributories in respect of unpaid and uncalled shares — Whether the call was invalid — Whether the shareholders had proved that they had paid money to the directors in satisfaction of that call — Whether the money paid by the shareholders should be treated as an advance satisfying future calls.