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    <title>1940 (6) TMI 13 - IN THE COURT OF APPEAL</title>
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    <description>Articles of association must be construed as a whole to determine whether surviving members can compel transfer of a deceased member&#039;s shares. Where they confer no enforceable transfer right or company veto, an executrix legally entitled to the shares may seek entry in the register of members as holder. Articles and memoranda derive their legal force from statutory registration and are not ordinary instruments subject to general equitable rectification. Any alteration must therefore follow the statutory procedure. The stated outcome recognises the plaintiff&#039;s entitlement to the shares and registration while rejecting rectification of the articles.</description>
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    <pubDate>Thu, 27 Jun 1940 00:00:00 +0530</pubDate>
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      <title>1940 (6) TMI 13 - IN THE COURT OF APPEAL</title>
      <link>https://www.taxtmi.com/caselaws?id=96828</link>
      <description>Articles of association must be construed as a whole to determine whether surviving members can compel transfer of a deceased member&#039;s shares. Where they confer no enforceable transfer right or company veto, an executrix legally entitled to the shares may seek entry in the register of members as holder. Articles and memoranda derive their legal force from statutory registration and are not ordinary instruments subject to general equitable rectification. Any alteration must therefore follow the statutory procedure. The stated outcome recognises the plaintiff&#039;s entitlement to the shares and registration while rejecting rectification of the articles.</description>
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      <pubDate>Thu, 27 Jun 1940 00:00:00 +0530</pubDate>
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