. The Montreal law reports [microform]. Law reports, digests, etc; Law; Jurisprudence; Droit. i'\^ â ^â 'â¢fm 4*74 MQHTREAL law HEPORIS. jedi. proceedings lu liquidation had been commen«-,ed and w^*. carried on to a certain Btafec, but that th^ all that; that they wtire going on with the business, and «r«ctu.â. ^^^^^^^;^^^^ raiLAr^ o£,the action had ceased. The appellants^nswerea to ^his. " You had not power to re- voke your resolution ; yo\had put yourselves in liquida- tion, and you had not the\right to retrace your steps. The tirst. plea has been abandoned; the case,
. The Montreal law reports [microform]. Law reports, digests, etc; Law; Jurisprudence; Droit. i'\^ â ^â 'â¢fm 4*74 MQHTREAL law HEPORIS. jedi. proceedings lu liquidation had been commen«-,ed and w^*. carried on to a certain Btafec, but that th^ all that; that they wtire going on with the business, and «r«ctu.â. ^^^^^^^;^^^^ raiLAr^ o£,the action had ceased. The appellants^nswerea to ^his. " You had not power to re- voke your resolution ; yo\had put yourselves in liquida- tion, and you had not the\right to retrace your steps. The tirst. plea has been abandoned; the case, therefore, rests updn the second plea, ^he judgment of the Court below dismissed the- action, ^it with costs against the Sociky. kolding that the costs «hould be borne by the Society.^%hat judgment is now \appealed Irom by tne plaintiflFs in thesuit. The questioiVis. had the Society a right to abandon the liquidation. l\yiew of the Statute 42-43 Vict., ch. 32, regulating the winding up of Building Societies, the Court here is of opinion tht^ the judgment of the Court below is erroneous, that the Society had not the right to resuscitate itself and make a Ww contract binding on the members. The judgment ^the Court below is therefore necessarily reversed with cp^s. The judgment is as follows :â â¢â¢ Th« Court, etc . "Considering that by a resolution passed almost uhani- mously by the members of the Society i-espo^dent^ ^^ the 16th August, 1887, under the provisions of the A^ 42-43 Vict., ch. 32, providing for the liquidation of Build- ing Societies, it was resolved to put into liquidation and to Wind up the business of said Society, and that hqui^ dators were then and there appointed to cawy out and jrive effect to the said resolution; ^ ^ "And seeing that said liquidators, therefore, proceeded to the execution of their said office, and prepared^a first dividend sheet, collocating certain members of the So^jety upon their shares for |100 respectiv
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