Trisha Shetty

Hilder v Dexter

Updated on
Share on FacebookTweet on TwitterShare on LinkedIn
Citation(s)  [1902] AC 474
Ruling court  House of Lords
Hilder v Dexter

Hilder v Dexter [1902] AC 474 is a UK company law case concerning shares.

Contents

Facts

To raise working capital, United Gold Coast Mining Properties Ltd offered shares at par value to Mr Hilder and others with an option to take further shares at par for two years. After the share price rose, Mr Hilder wished to exercise his option.

Judgment

Earl of Halsbury LC held that Hilder was entitled to exercise the option, as it in no way directly or indirectly contravened the rule against issuing shares at a discount under Companies Act 1900, section 8(2) (now Companies Act 2006, section 580).

References

Hilder v Dexter Wikipedia


Similar Topics
Naruto the Movie: Guardians of the Crescent Moon Kingdom
Max Embarrassing 2
Bernd Nehrig
Topics