This case has been cited 1 times or more.
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2015-11-10 |
PEREZ, J. |
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| Membership in a non-stock corporation is a property right and as such, public policy demands that its termination must be done in accordance with substantial justice. In Valley Golf and Country Club v. Vda de Caram,[17] a case involving the same corporate entity, the Court had the occasion to set the standards in terminating membership in a non-stock corporation, viz:"It may be conceded that the actions of Valley Golf were, technically speaking, in accord with the provisions of its by-laws on termination of membership, vaguely defined as these are. Yet especially since the termination of membership in Valley Golf is inextricably linked to the deprivation of property rights over the Golf Share, the emergence of such adverse consequences make legal and equitable standards come to fore. | |||||