Court Opinion

ID: 5546594
Source: CourtListenerOpinion
Date Created: 2022-01-10 19:00:37.451606+00
Date Added: 2024-06-11T08:34:56.067936
License: Public Domain

DUGRO, J.
(concurring). I think it is fair to conclude that a belief by defendant’s board of managers that a breach of contract is a proceeding inconsistent with “just and equitable principles of trade,” within the méaning of that term, as used in the by-laws of defendant, led to the plaintiff’s expulsion. The belief did not accord with the fact. A breach of contract is not the “proceeding” *310referred to in the by-law. The opinion of Judge Danforth in Hurst v. Produce Exchange (N. Y.) 3 N. E. 42, is convincing upon this point. I concur with the chief justice in his disposition of the appeal.