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Scottish Court of Session Decisions
You are here: BAILII >> Databases >> Scottish Court of Session Decisions >> Blair (Official Liquidator of the Greenock Property Investment Co.) v. M'Clure and Caird [1884] ScotLR 22_26 (30 October 1884)
URL: http://www.bailii.org/scot/cases/ScotCS/1884/22SLR0026.html
Cite as: [1884] SLR 22_26, [1884] ScotLR 22_26
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SCOTTISH_SLR_Court_of_Session
Page: 26↓
Court of Session Inner House First Division.
v.
Facts:
In the liquidation of a building society under the Companies Acts, A objected to a motion by the liquidator craving that bis name be settled on the list of contributories, on the ground that he had been induced to accept a transfer of his shares by false and fraudulent representations upon the part of the officials, to the effect that no liability attached to them, whereas it now appeared that they were borrowing shares, and that his name was to be entered on the list of contributories in respect of them. Held that before A could successfully resist the motion of the liquidator, the deed of transfer must be set aside by an action of reduction.
Counsel for Liquidator — R. V. Campbell. Agent— W. B. Glen, S. S. C.
Counsel for M'Clure and Caird — Graham Murray. Agents— Smith & Mason, S.S.C.