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" Whenever the company has passed an extraordinary resolution to the effect that it has been proved to its satisfaction that the company cannot by reason of its liabilities continue its business, and that it is advisable to wind up the same. "
The Scottish Law Reporter: Containing Reports ... of Cases Decided in the ... - Page 320
1876
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The Ordinances of the North-West Territories: Being an Office Consolidation ...

Northwest Territories - Law - 1915 - 824 pages
...the company to be wound up; 3. Where the company though it may be solvent as respects creditors has passed an extraordinary resolution to the effect that it has been proved to the satisfaction of the members thereof that the company cannot by reason of its liabilities continue...
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Alberta Law Reports, Volume 11

Alberta. Supreme Court - Law reports, digests, etc - 1917 - 652 pages
...company to be wound up; or (2) when the company, though it may be solvent as regards creditors, has passed an "extraordinary resolution" to the effect that it has been proved to the satisfaction of the members thereof that the company cannot by reason of its liability continue...
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Company Law and Precedents, Volume 2

Arthur Stiebel - Corporation law - 1920 - 938 pages
...unauthorized person (y). Further, where it is proposed to wind-up by extraordinary resolution on the ground that the company cannot by reason of its liabilities...continue its business and that it is advisable to wind-up, it must be made clear by the notice summoning the meeting, that the resolution will not require...
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The Revised Statutes of Saskatchewan, 1920: Published Under the ..., Volume 1

Saskatchewan - Law - 1921 - 1162 pages
...resolution to the effect resolutlon that it has been proved to the satisfaction of the members thereof that the company cannot by reason of its liabilities...continue its business and that it is advisable to wind it up. BSS 1909, c. 78, s. 4. L °ourt °f 5. Where no such resolution has been passed as mentioned...
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Motor Traction: Dealing with Motor Vehicles for Business Purposes, Volume 13

1911 - 604 pages
...19th inst., at 5, Slater Street, Liverpool, when an extraordinary résolution was passed to the effect that the company cannot 'by reason of its liabilities continue its business, and that accordingly it be wound up voluntarilv. Mr. FTP Deyes, CA, of 5, Cook Street, Liverpool, was appointed...
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Australasian Advanced Accountancy: An Exposition from an Australasian ...

Albert E. Barton - Accounting - 1922 - 562 pages
...has passed a special resolution requiring the company to be wound up voluntarily. (c) The company has passed an extraordinary resolution to the effect that it has been proved to its satisfaction that the company cannot, by reason of its liabilities, continue its business, and...
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The Revised Statutes of Alberta, 1922, Volume 3

Alberta - Law - 1922 - 1018 pages
...company to be wound up; or (c) where the company though it may be solvent as, respects creditors has passed an extraordinary resolution to the effect that it has been proved to the satisfaction of the members thereof that the company cannot by reason of its liabilities continue...
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The Fundamentals of Accountancy ...

Lawrence Robert Dicksee - Accounting - 1922 - 88 pages
...cases of emergency the confirmatory meeting may be omitted, provided the resolution states in terms that the Company " cannot, by reason of its liabilities, continue its business." The resolution is then called an " extraordinary " resolution; like the resolution passed at the first...
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The Revised Statutes of Nova Scotia, 1923, Volume 2

Nova Scotia - Court rules - 1923 - 1384 pages
...requiring the company to be wound up; (c) when the company (though it is solvent as respects creditors) has me of a person as a director of the company, or as having agreed to become the satisfaction of the members thereof that the company cannot by reason of its liabilities continue...
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Accounting

Lionel Cuthbert Cropper - Accounting - 1924 - 1188 pages
...RESOLUTION was duly passed : — " That it has been proved to the satisfaction of the Company that this Company cannot by reason of its liabilities continue its business, and that it is desirable that the same should be wound up voluntarily ; and that the Company be wound up accordingly....
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