Butler v Broadhead

Subject Matter

COMPANY — Dissolution — Claims against contributories — Purported sale by liquidator to plaintiffs of land previously sold by company — Innocent mistake — Distribution of surplus assets to contributories — Breach of covenant as to title discovered only after dissolution of company — Whether plaintiffs able to recover from contributories — Companies Act 1948, ss 259, 264 — Companies (Winding up) Rules 1949, r 106

[1975] Ch 97; [1974] 3 WLR 27

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