Does an internal management rule enunciating in R.S. & B.R.O.C. law apply?
Alberta, Canada
The following excerpt is from Murray v. C. W. Boon & Company Limited, 1973 CanLII 247 (AB QB):
The defendant further contends that the security in the hands of the plaintiffs is ultra vires for the reason that the company's seal was affixed thereto without authority. This invokes consideration as to whether the internal management rule enunciated in Royal British Bank v. Turquand (1856), 6 E. & B. 327, 119 E.R. 886, has application.
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