What is the test for making a contribution that does not qualify under section 29 of the Corporations Act?
Newfoundland and Labrador, Canada
The following excerpt is from Shoal Investments Ltd. v Murphy, 2019 NLCA 78 (CanLII):
By the same token, the contribution that does qualify under section 29 must be an already-unremunerated or inadequately (i.e. unfairly) remunerated contribution: Snook v. Snook, 2010 NLCA 57301 Nfld. & P.E.I.R. 113 at paragraph 28. Otherwise, a remedy under the section would lead to double compensation.
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