Re: Moving company bank money around...

"Ronald Raygun" wrote (to Peter Saxton):
Tim and I assert that ownership is a good candidate for being treated
as a transitive relation, i.e. that if X owns Y, and Y owns Z, then
ipso facto X owns Z. In support of this, we have said that ownership
goes hand in hand with control, and that it is self-evident that if you
control a company (because you own a majority of its shares) which
controls its assets (because it owns them), then you thereby in effect
have control of the company assets, albeit indirect. Hence you
may be said to own the assets indirectly, because you control them.

You have simply denied this without giving a satisfactory explanation
as to why it shouldn't be the case, other than that you seem to be
clinging unnecessarily to a notion that ownership can only be direct.

"Peter Saxton" wrote
... I've copied a section from FL Memo Company Law...

<SNIP>

[I've snipped the extract solely to try to make this reply post clearer.]

"Peter Saxton" wrote
I hope that this is clear. The above is relevant
to what the OP said and exludes the squabbling.
Is there anyone who thinks the above is wrong?

"Tim" wrote:
It might not be wrong, but appears to be irrelevant :-

(1) A lot of it relates to *directors*, but *shareholders*
don't appear to be mentioned even once. Which
bits did you mean to relate to the *shareholders* ?

(2) Where does it mention ownership?

"Peter Saxton" wrote
I am talking about directors.

What have the directors got to do with ownership of the company?


.

Relevant Pages

  • Re: Moving company bank money around...
    ... goes hand in hand with control, and that it is self-evident that if you ... have control of the company assets, albeit indirect. ... clinging unnecessarily to a notion that ownership can only be direct. ...
    (uk.business.accountancy)
  • Re: Moving company bank money around...
    ... goes hand in hand with control, and that it is self-evident that if you ... have control of the company assets, ... clinging unnecessarily to a notion that ownership can only be direct. ... Peter Saxton from London ...
    (uk.business.accountancy)
  • Re: Moving company bank money around...
    ... you control a company which ... have control of the company assets, albeit indirect. ...
    (uk.business.accountancy)
  • Re: OT: Breaking New Ground?
    ... Ownership does grant control after all. ... getting rid of the Post Office would also ... involve amending the Constitution, but then ignoring the Constitution is ...
    (alt.guitar.amps)
  • Re: VBA execution
    ... Startup form called "Assets" ... has text control "AssetID" ... has sub subform "Maintenance subform" based on table Maintenance ... has sub subform "Depreciation subform" based on table Depreciation ...
    (microsoft.public.access.gettingstarted)