Court of Appeal Wellington
6, 7, 8, 9 June; 21 July 1972
Turner P and Richmond and Perry JJ
6, 7, 8, 9 June; 21 July 1972
Turner P and Richmond and Perry JJ
Company law — Companies under the Companies Act — Regulation and management — Under articles of association — Provision for distribution of surplus assets pro rata on nominal value of shares — Holders of parcels of shares right to occupy specific parts of the building — Shares purchased above par for certain areas — "Oppression" of minority — Companies Act 1955, s 209.
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