Trace Your Case

Introduction to the Corporate Form

Tennant v. Stanley [In re Stanley] (1906) 1 Ch. 131


Whether the power provided by the will enabled the trustees to invest the trust money in the stocks, funds or securities of (a) any corporation or company formed or registered in the United Kingdom, but carrying on business abroad (Class A Companies), and (b) any corporation or company formed or registered outside the United Kingdom (Class B Companies)?


The words ‘corporation or company’ mean an incorporated body or an unincorporated body, which is ‘municipal, commercial or otherwise’, and which is of such a kind as not to be what is commonly called ‘a firm’. Examples used were New York Central Railway Company of US and Canadian-Pacific Railway Co.

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