Reviewed case brief
Macaura v Northern Assurance Co Ltd
[1925] AC 619
[1925] AC 619 · House of Lords
- Court
- House of Lords
- Year
- 1925
- Subjects
- Company Law
- Reviewed
- 2026-08-02
Rule established
A shareholder, even a sole shareholder, has no insurable interest in the company's property because company property belongs to the company, not to shareholders
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
[1925] AC 619
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.