Citizens and Graziers' Life Assurance Co Ltd v Commonwealth Life (Amalgamated) Assurances Ltd

51 CLR 422
1934 - 0802A - HCA

(Judgment by: McTIERNAN J)

Citizens and Graziers' Life Assurance Co Ltd
v Commonwealth Life (Amalgamated) Assurances Ltd

Court:
High Court of Australia

Judges: Gavan Duffy CJ
Rich J
Starke J
Dixon J

McTiernan J

Subject References:
Corporations
Amalgamation
Agreement under seal
Uncalled capital of old companies
Validity of provisions
Life assurance
Statutory restriction

Legislative References:
The Life Assurance Companies Act 1901 (Qld) (1 Edw VII No 20) - the Act
The Insurance Act 1923 (Qld) (14 Geo V No 29) - s 2(2)

Hearing date: 4 April 1934; 5 April 1934; 6 April 1934; 9 April 1934; 10 April 1934
Judgment date: 2 August 1934

SYDNEY


Judgment by:
McTIERNAN J

I have had the advantage of reading the judgment of my brother Dixon and agree with it.

In my opinion the appeal should be allowed with costs, and the suit dismissed with costs.

1 (1897) 1 Ch. 15

2 (1890) 44 Ch. D. 534

3 (1898) 2 Ch. 149

4 (1904) 2 Ch., at pp. 281, 282

5 (1876) 3 Ch. D., at p. 9

6 (1876) 3 Ch. D. 10

7 (1876) 3 Ch. D. 21

8 (1898) 2 Ch. 469

9 (1904) 2 Ch., at p. 287

10 (1904) 2 Ch., at p. 287

11 (1876) 3 Ch. D. 10

12 (1876) 3 Ch. D. 21

13 (1876) 3 Ch. D., at p. 27

14 (1909) 2 Ch. 484

15 (1865) 2 H. & N. 657, at p. 666; 71 E.R. 619

16 (1867) L.R. 4 Eq. 341

17 (1898) 2 Ch., at p. 478

18 (1894) 1 Q.B., at p. 632

19 (1904) 24 T.L.R. 417

20 (1892) 68 L.T. 78, at p. 80; 9 T.L.R. 17

21 (1898) 2 Ch., at p. 482

22 (1904) 2 Ch., at p. 287

23 (1898) 2 Ch. 469

24 (1904) 2 Ch. 268

25 (1864) 4 DeG.J. & S. 407; 46 E.R. 976

26 (1864) 33 Beav. 565; 55 E.R. 488

27 (1870) L.R. 10 Eq. 381

28 (1875) L.R. 6 P.C. 265

29 (1879) 15 Ch. D. 465

30 (1897) 1 Ch. 15

31 (1898) 2 Ch. 149

32 (1911) 131 L.T. Jo. 125