Dashfield & Shepherd -v- Davidson, Ruddy, Woodbury and Prowting

[2008] EWHC 486 (Ch)

In the circumstances, an article in a company's articles of association, under which a deceased shareholder's shares in the company were to be transferred to the company by his personal representatives at a value based on the audited accounts for the last completed financial year prior to the date of death, was enforceable.