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Show Snprcuie Court Decision. Washington, 30. Supreme court (decision, Hyde tw. Wood et al. Error j to circuit court for district of California. Califor-nia. In this case the assignee iu I bankruptcy of one Fenn Bought to re-j re-j cover the proceeds of Fenn's seat in the San Francisco stock exchange board, which under the rule of the board must first discharge its indebt eduess te members of the board before its proceeds could go to creditors outside. out-side. The plot Wits that by assignment assign-ment of the bankrupt creditors inside the beard were preterred. The daci-1 s on is that the assignment by Fenn was a void act, and gave the "creditors "credit-ors within the board only such rights as the regulations of the association entitled them to without it, and mat, therefore, it could not be treated as atiectiug the rights ot any party to the controversy. It is aiao said to be no reason why the stock board should not make a membership subject to the rules in question, unless it be that it is a violation of some statute or principle of public policy, which it is. Not affirmed. Justice MUlerdelivered the opinion. |