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1 Albert Arbitration: Lord Cairns's Decisions 1875

handle is hein.beal/abalcd0001 and id is 1 raw text is: ALBTAI4 -RBITRATION. LORD CAIRNS'S DECISIONS. LEE'S CASE. 1871 List of Contributories. June 1. Where a person whose name stood in the share register book of a company in liquidation applied to have his name removed from the list of contribu- tories, on the ground that on an amalgamation the amount paid on his shares had been paid back to him by the transferee company, and his' share certi- ficates had been delivered over to that company, the payment purporting, under the amalgamation agreement, to be by way of satisfaction and in extinction of his shares : Held, that, notwithstanding what had been done on the amalgamation, his name must remain on the list. THis was an application (which had been pending in the Court of Chancery on an adjourned summons) for removal of Mr. Lee's name from the list of contributories of the Family Endowment. At the date of the amalgamation of the Family Endowment with the Albert Mr. Lee held, and was entered in the share register book as holding, 200 shares in the Family Endowment, £4 a share being paid thereon, as on all the other shares in the society. He had executed the deed of settlement as one of the original shareholders. The amalgamation agreement stipulated that the Albert should pay to each shareholder in the Family Endowment £4 a snare by way of satisfaction and in extinction of his shares. Mr. Lee re- ceived the £4 a share for his shares, and gave up his share certifi- cates to the Albert. The books of the Family Endowment, including the minute took and share register book, were, previously to the payment of the £4 per share, delivered over to and were thence- forth retained by the Albert. No alteration was made in the B

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