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South Africa Case Law

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Commercial And Corporate [2015] ZAECGHC 58

Slip Knot Investments 777 (Pty) Ltd v Forlee (3055/2011)

Slip Knot Investments 777 (Pty) Ltd v Forlee (3055/2011) [2015] ZAECGHC 58 (15 May 2015)

Court
Eastern Cape High Court, Grahamstown
Case number
3055/2011
Judge
Chetty

The High Court held that a sole member of a deregistered close corporation became personally liable for its debt and rejected a prescription defence.

  • Close Corporations Act
  • Personal Liability Of Member
  • Deregistration Effects
  • Prescription
  • Suretyship
  • Acknowledgement Of Debt
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Commercial And Corporate [2012] ZAGPJHC 176

Absa Bank Ltd v Hlathini Safaris CC and Others (2009/18432)

Absa Bank Ltd v Hlathini Safaris CC and Others (2009/18432) [2012] ZAGPJHC 176 (17 August 2012)

Court
South Gauteng High Court, Johannesburg
Case number
2009/18432
Judge
D S S Moshidi

The High Court held that deregistration of a close corporation did not release a surety from liability for its debt under the suretyship.

  • Suretyship
  • Close Corporation Liability
  • Deregistration Effects
  • Joint And Several Liability
  • Statutory Liability
  • Close-corporation-liability
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About this LexChat collection

South Africa decisions are organised by court, judge, legal area and indexed issue so a practitioner can move from a proposition to a citable authority with the surrounding context intact.

Source links and collection timestamps are retained alongside the indexed records.