Index card Municipal And General Securities Co Ltd v Lloyds Bank Ltd

Municipal And General Securities Co Ltd v Lloyds Bank Ltd

Hearings

England & Wales

09 Nov 1949 [1950] Ch 212, Ch D

Subject Matter

TRUST — Construction of trust deed — Nationalization of certain undertakings — Government stock issued in substitution for ordinary shares in undertakings — Sale of Government stock — Application for power to sell — Trustee Act, 1925 (15 Geo. 5, c. 19), s. 57 — Transport Act, 1947 (10 & 11 Geo. 6, c. 49), s. 16, sch. V, pt. I, para. 5 — Electricity Act, 1947 (10 & 11 Geo. 6, c. 54), s. 20, sch. III, pt. I, para. 5 — Gas Act, 1948 (11 & 12 Geo. 6, c. 67), s. 25, sch. II, pt. I, para. 5, pt. II, para. 2.

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