Lowenberg v. Greenebaum

Citations

• 99 Cal. 162
• 21 L.R.A. 399
• 33 P. 794
• 1893 Cal. LEXIS 629

Syllabus

<p>Execution—Broker’s Seat in Stock and Exohanse Board not Subject to Levy and Sale.—A broker’s seat in the San Francisco Stock and Exchange Board, a voluntary association, membership in which depends upon the election of the associates, ten negative votes excluding from participation therein, and which cannot be voluntarily transferred, except to a person whom the association shall choose to elect as a member, is not subject to levy and sale under execution, and an attempted sale thereof under execution to one whom the association refuses to elect, passes no title as against the broker who retains his seat therein.</p>