Webb, Ahgtsg div
Categories: Contracts
Definition (1910 Edition)
49, ot N. Y. Supp. 572. at the reasonableness of-a by-law of a corporation is a question of law, and not of fact, has always been the established rule; but in the case of State v. Overton, 24 N. J. Law, 61 Am. Dec. 671, a distinction La taken in this respect between a by-law and a reguletion, the validity of the former being a judicial question, while the latter was regarded as a matter én pais. But although, in one of the opinions read in the case referred to, the view was clearly expressed that the reasonableness of a corporate re manon was properly for the consideration of ury, and not of the court yet it was neverth ess stated that the point was not involved in the controversy then to be decided. There is no doubt’that the rule thus intimated is in opposition to recent American authorities. Nor have I been able to find in the English books any such distinction as that above stated between a by-law and a regulation of a corporation.” anupton v. Van Volkenburgh, 84 N. J. Law, 1
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
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