Kershaw: Company Law in Context Text and Materials

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Kershaw Company Law in ContextText and
Materials

• Organizational chart 2.1
• Salomon v Salomon 1897 AC 22 (House of Lords)
  1895 2 Ch 323 (Court of Appeal)

2

The following interactive PowerPoint chart should
be used in conjunction with the facts set forth
in the book.
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Salomon v Salomon
Trade Creditors

10,000
SALOMON
ARON SALOMON LTD
DEBENTURES
BUSINESS
20001 Shares
6 Shares
Salomons wife and 5 children
SALOMON
Sole Trader

The Companies Act 1862 required 7 shareholders
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Claims on Aron Salomon Ltds Assets
Post-Incorporation
Secured Creditors (Salomon)
Aron Salomon Ltds Assets
Unsecured Creditors (trade)
Shareholders