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    <title>1944 (5) TMI 20 - IN THE CHANCERY DIVISION</title>
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    <description>The judgment by Cohen, J. addressed the interpretation of a company&#039;s memorandum and articles regarding shareholders&#039; rights to dividends. The court scrutinized the wording of the documents and compared them to precedents, focusing on preference shareholders&#039; entitlement to arrears of dividends. Despite arguments presented by preference shareholders, the judge aligned with ordinary shareholders, denying preference shareholders the right to receive arrears of dividends based on the interpretation of the company&#039;s memorandum and articles.</description>
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