Chapter

Company Winding-up in Victorian England

V. Markham Lester

in Victorian Insolvency

Published in print February 1995 | ISBN: 9780198205180
Published online October 2011 | e-ISBN: 9780191676536 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198205180.003.0006

Series: Oxford Historical Monographs

Company Winding-up in Victorian England

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This chapter examines the history of English legislation for company winding-up during the 19th century. It suggests that Parliament had anticipated the increase in the number of joint-stock companies with the introduction of limited liability and that it had carefully created procedures for company winding-up. This system became virtually identical to the bankruptcy system in 1980. This chapter analyses the statistics related to company winding-up and estimates that annual losses to shareholders were in the range of two to three percent of paid-up capital.

Keywords: limited liability; bankruptcy; annual losses; shareholders

Chapter.  6703 words. 

Subjects: Modern History (1700 to 1945)

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