Hutton v West Cork Rly Co
http://dbpedia.org/resource/Hutton_v_West_Cork_Rly_Co an entity of type: Abstraction100002137
Hutton v West Cork Railway Co (1883) 23 Ch D 654 is a UK company law case, which concerns the limits of a director's discretion to spend company funds for the benefit of non-shareholders. It was decided in relation to employees in the context of a company's insolvency proceedings.
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Hutton v West Cork Rly Co
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Hutton v West Cork Railway Co
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15059648
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1122873305
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23
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Insolvency, provision for employees
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Hutton v West Cork Railway Co (1883) 23 Ch D 654 is a UK company law case, which concerns the limits of a director's discretion to spend company funds for the benefit of non-shareholders. It was decided in relation to employees in the context of a company's insolvency proceedings. The case's practical significance was limited by cases and statute as in [1982] Ch 442 where the Court of Appeal held that a company's substantive object may include making gifts, and under Companies Act 2006, section 172 which entitles and obliges directors to regard interests other than shareholders as a proper exercise of their power.
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Bowen LJ, Cotton LJ and Baggallay LJ
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7068