000 01483cab a2200241 4500
001 ABS53809
008 090401t1995 xxu||||| |||| 00| 0 eng d
035 _a(Sirsi) u6699
041 _aeng
245 _aTribe v Tribe
260 _c1995
350 _a0
490 _aNew Law Journal
_v145(6714) 6 October 1995, 1445
520 _aCA 26 July 1995. A father who was the main shareholder of a clothing company and tenant of a number of shops which the company occupied, transferred his shares to one of his sons in order to safeguard his interests, following the serving of notices of dilapidations on two of the shops. The landlord of one of the shops then accepted a surrender of the lease, and the tenant purchased the revision of the lease on the other. He then wished to restore his shareholding position, but the son refused to transfer the shares back to him. The father issued a writ, upheld in the court below, that claimed his son had been holding the shares as bare trustee, with agreement to return them upon demand or when the dispute over dilapidations had been resolved. The son denied this agreement. Appeal dismissed, finding that property transfered for illegal purposes can be recovered where those purposes are not carried out.
650 _aBARE TRUSTEES
650 _aPRESUMPTION OF ADVANCEMENT
650 _aSHAREHOLDINGS
650 _aTRANSFER OF SHARES
650 _aTRIBE V TRIBE
690 _aLAW-CASE LAW
942 _n0
948 _c04/03/1997
999 _c3992
_d3992