Family Provision. Application by husband and daughter of deceased. Only asset held by a company of which deceased was the main shareholder. Half of her shares in company transferred to her son during her lifetime and other half converted on her death to valueless preference shares. Whether transfer perfected and whether full valuable consideration given. Held no prescribed transaction and therefore both summons dismissed.
Acts Cited:
Companies Act (NSW) 1936
Companies Code
Case Details
Citation[2005] NSWSC 670
CourtNSWSC
JurisdictionNew South Wales
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