11 Dec 2008
RIVERLEA ESTATES INCORPORATED (IN LIQUIDATION) V RUSSELL AND ANOR HC CHCH CIV-2008-409-001787
- Citation
- openlaw-71c64b32_54fd_4fd1_982e_de60ed95c648.pdf
- Court
- High Court
The leases were surrendered on completion of the freeholding so lease rights merged in the reversion and were extinguished; the improvements did not belong to the Society; accordingly the liquidator is entitled to distribute the surplus equally among members under the amended rule 36 and to proceed with the required final report and lodgement for dissolution.