31 Jul 2020
MANNING v SMITH [2020] NZHC 1888
- Citation
- [2020] NZHC 1888
- Court
- High Court
Clause 3.4 of the constitution, read with the SSA that was in final form and plainly contemplated at adoption, required shareholders to sign or be bound by the SSA within one month; the Smith entities failed to sign or accede within that period so their issued shares became void (effective on or about 4 August 2018); equitable limitation did not apply to save those shares.