In re Sutherland
District Court, N.D. Illinois
In bankruptcy. Motion for a rule on the bankrupt [Israel Sutherland], a member of the Chicago Board of Trade, that he assign and transfer to the assignee his certificate of membership in said board. The bankrupt opposes the rule on the ground that the certificate is not an asset which passes to the as-signee.
1Opinion of the Court
BLODGETT, District Judge.
The Chicago Board of Trade is a corporation constituted by a special act of the legislature of Illinois, with a nominal capital of $200,000. The object of the association is declared to be: ’‘To maintain a commercial exchange; to promote uniformity in the customs and usages of merchants; to inculcate principles of justice and equity in trade; to facilitate the speedy adjustment of business disputes; to acquire and disseminate valuable commercial and economic information; and generally to secure to its members the benefits of co-operation in the furtherance of their…
2Cited by4 opinions
- Barclay v. SmithIllinois Supreme Court · 1883
- Eliot v. Merchants' ExchangeMissouri Court of Appeals · 1883
- In re KetchumDistrict Court, S.D. New York · 1880
- In re WarderDistrict Court, D. New Jersey · 1882