People Ex Rel. Rye Country Day School v. Schmidt
New York Court of Appeals
People Ex Rel. Rye Country Day School v. Schmidt, 194 N.E. 405 (N.Y. 1935)
266 N.Y. 196; 1935 N.Y. LEXIS 1356
<italic>Per Curiam.</italic>
People Ex Rel. Rye Country Day School v. Schmidt
Opinion of the Court
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.
Reference
- Full Case Name
- The People of the State of New York Ex Rel. Rye Country Day School, Respondent, v. Frederick G. Schmidt Et Al., Constituting the Town Board of the Town of Rye, Appellants
- Cited By
- 4 cases
- Status
- Published