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Cite as: [1993] JLR 24

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Cooley v Wood 1993 JLR 24 (19 February 1993)

Companies-quasi-partnership company-distribution of property-assets, including sums contributed to make up capital losses, to be applied in (a) payment of liabilities to third parties; (b) payment of loans to company; (c) repayment of partners' capital investment; and (d) division of residue between partners-if no evidence of agreement, capital profits to be divided in proportion to shareholding or as if dissolving equal partnership, not in proportion to investment

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