Sharp v Dawes
1876 · (1876) 2 QBD 26 (CA)
Posted By lanbuk.com
- Facts
- A meeting to make a call on shares was attended by only one member and the secretary. The member 'passed' the resolution.
- Issue
- Was there a valid meeting?
- Held
- No. A meeting ordinarily means more than one person, so the call was invalid.
- Principle
- One person alone cannot usually constitute a meeting.
- Why it matters
- Section 199 now sets a , and does not apply to one-man companies.
Words and Latin in this note
- Quorum
- The minimum number of members who must be present for a meeting to do business. Unless the articles say otherwise, it is one-third of the members or 25, whichever is less, and two where there are six or fewer: section 199. Open the note.
For study only. By lanbuk.com. Always check current sources and consult a qualified professional.