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What is Forest Hills Golf Club Membership Fees Dispute about?
The Supreme Court ruled that Forest Hills Golf and Country Club was not authorized to collect new membership fees for replacement nominees of Gardpro, Inc., as the by-laws only allowed for a transfer fee upon changing designated nominees. The Court affirmed the decisions of the Securities and Exchange Commission and the Court of Appeals, which clarified that Gardpro, as the corporate member, had already paid membership fees for its original nominees. The appeal by Forest Hills was denied, and the ruling emp
- Author
- zhyning02
- Language
- EN