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Re Securitibank Ltd (in liquidation) and Others - [1978] 1 NZLR 97

$30.00

High Court Wellington
23, 24, 25, 26, 27, 30 May;2, 3, 7, 8, 9, 13, 14, 15, 16 June; 25, 26, 27, 28 July;1, 2, 3, 4, 5 August; 27 September 1977
Barker J
Money and moneylending — Who is a moneylender — Whether "carrying on the business of banking" - Moneylenders Act 1908, s 2(d).
Money and moneylending — Moneylender's contracts — Note or memorandum "signed personally " by the borrower — Inapplicable to corporate bodies — Moneylenders Amendment Act 1933, s 8(1).
Bills of exchange, promissory notes and other negotiable instruments — Accommodation bills — Whether bills "accommodation bills".
Bills of exchange, promissory notes and other negotiable instruments — Notice of dishonour — Excusing delay — Bills of Exchange Act 1908, s 50(1).
Company law — Winding up by Court — Property available for distribution amongst creditors — Rule in Waring's Case applies in New Zealand.
Company law — Winding up by Court — Distribution of assets amongst creditors — Trustee holding trust property inextricably mixed for two groups of beneficiaries — Groups to be paid out pari passu and loss borne pro rata.

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