The Weekly Law Reports
[1993] 3 WLR 498
[CHANCERY DIVISION]
SINCLAIR v. LEE AND ANOTHER
[Ch. 1993 S. No. 2602]
1993 April 21,
22,
23,
26;
30
Sir Donald Nicholls V.-C.
Trusts
— Company
— Whether shares capital or income
— Proposal for demerger of company
— Shareholders to obtain shares in new company by means of declaration of dividend
— Shares held by trustees of settled trust
— Whether shares in new company capital or income in hands of trustees