In re Overseas Ins. Brokers Ltd. [1963] JJ 349 (27 December 1963)

In re Overseas Ins. Brokers Ltd. [1963] JJ 349 (27 December 1963)

Directors and agents of a company must act within the scope of their authority and fulfill their office as a trust for the benefit of shareholders.

Citation
[1963] JJ 349
Parties
Company: Overseas Insurance Brokers Ltd.
Jurisdiction
Jersey
Judgment Date
27 December 1963
Procedural Posture
Company Law / Judgment
Outcome
judgment delivered
Legal Topics
Directors' Powers, Directors' Duties, Agency, Trusteeship
Company Law Directors' Powers Directors' Duties Agency Trusteeship

Case Brief

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Parties

Overseas Insurance Brokers Ltd.

Company

Procedural Posture

Company Law / Judgment

Legal Issues

  1. 1 Whether agents of a company are entitled to act in the name of the company within the scope of their authority
  2. 2 Whether directors hold an office of trust over the affairs of the company for the benefit of shareholders

Ratio Decidendi

Directors and agents of a company must act within the scope of their authority and fulfill their office as a trust for the benefit of shareholders.

Court Disposition

judgment delivered