King Line, Ltd Petitioners [1902] ScotLR 39_337 (25 January 1902)

King Line, Ltd Petitioners [1902] ScotLR 39_337 (25 January 1902)

The court confirmed the alteration as it was satisfied that the expanded objects were required to enable the company to attain its main purpose by new or improved means and to conveniently combine new businesses with the existing business.

Citation
[1902] ScotLR 39_337
Parties
Petitioners: King Line, Limited
Jurisdiction
Scotland
Judgment Date
25 January 1902
Procedural Posture
Petition / Confirmation of Alteration of Memorandum of Association
Outcome
Alteration confirmed
Legal Topics
Memorandum of Association, Alteration of Objects, Companies (memorandum of Association) Act 1890
Company Law Memorandum of Association Alteration of Objects Companies (memorandum of Association) Act 1890

Case Brief

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Parties

King Line, Limited

Petitioners

Procedural Posture

Petition / Confirmation of Alteration of Memorandum of Association

Legal Issues

  1. 1 Whether the proposed alteration of the memorandum of association to expand the company's objects can be confirmed under the Companies (Memorandum of Association) Act 1890

Ratio Decidendi

The court confirmed the alteration as it was satisfied that the expanded objects were required to enable the company to attain its main purpose by new or improved means and to conveniently combine new businesses with the existing business.

Court Disposition

Alteration confirmed

Orders

  • Alteration of memorandum of association confirmed as per petition