ARTICLES OF ASSOCIATION Wood v. Odessa Waterworks Company [1880] 42 Ch. 636. Here the Plaintiff who was a member of the company petitioned the court to stay the implementation of a resolution not to pay dividends but issue debentures instead. Holding that a member was entitled to the stay of the implementation of the resolution, Sterling J. had the following to say: the articles of association constitutes a contract not merely between shareholders and the company but also between the individual shareholders and every other. ow.ly/w3QZ0
Posted on: Tue, 13 May 2014 09:45:17 +0000
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