People Ex Rel. Rye Country Day School v. Schmidt
194 N.E. 405, 266 N.Y. 196, 1935 N.Y. LEXIS 1356
Opinion
The corporate operation of the respondent may lawfully entitle some of its members to receive pecuniary profit other than reasonable compensation for services in effecting any of its educational purposes.
The order of the Appellate Division should be reversed and that of Special Term affirmed, with costs in this court and in the Appellate Division.
Ceane, Ch. J., O’Bbien, Hubbs, Cbottch, Loughban and Finch, JJ., concur; Lehman, J., not voting.
Ordered accordingly.
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People Ex Rel. Rye Country Day School v. Schmidt, 194 N.E. 405, 266 N.Y. 196, 1935 N.Y. LEXIS 1356 (N.Y. 1935).
194 N.E. 405 (People Ex Rel. Rye Country Day School v. Schmidt) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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