Attorney General v Davy
http://dbpedia.org/resource/Attorney_General_v_Davy an entity of type: Abstraction100002137
Attorney General v Davy (1741) 26 ER 531 is a UK company law case, which establishes this small but essential point of law: the default rule is that a majority of a corporate body can determine what it does.
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Attorney General v Davy
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Attorney General v Davy
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23117594
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1113395009
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26
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Court of Chancery
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Attorney General v Davy (1741) 26 ER 531 is a UK company law case, which establishes this small but essential point of law: the default rule is that a majority of a corporate body can determine what it does. Equivalent rules in contemporary company law are s 168 Companies Act 2006, which allows shareholders to remove directors through a simple majority, Foss v Harbottle which presupposed that a majority of shareholders can always take action to litigate, and the rule in Automatic Self-Cleansing Filter Syndicate Co Ltd v Cuninghame, which raises the requirement to 75% of the shareholders if they are to give instructions to the board.
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1741-01-01
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4077
