Hogg v Cramphorn Ltd

Subject Matter

COMPANY — Director — Fiduciary duty to company — Use of powers to issue shares and lend money in order to retain control of company — Bona fide belief that transaction in best interests of company — Whether ultra vires — Ratification by general meeting

[1967] Ch 254; [1966] 3 WLR 995

COMPANY — Shares — Articles of association — Power for directors to issue shares “with a special or without any right of voting” — Provision that in case of a poll “every member shall have one vote for every share held by him” — Whether directors empowered to issue shares carrying 10 votes each on a poll

[1967] Ch 254; [1966] 3 WLR 995