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Blanco v. Manila Polo Club, Inc.
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Blanco v. Manila Polo Club, Inc.
SEC-SICD Case No. 08-96-5408
September 23, 1998
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Securities and Exchange Commission Departments
SEC Securities Investigation and Clearing Department
Corporate
Blanco v. Manila Polo Club, Inc.
SEC-SICD Case No. 08-96-5408
•September 23, 1998
[SEC-SICD * CASE NO. 08-96-5408. September 23, 1998.]JAIME R. BLANCO, ET AL., petitioners, vs. MANILA POLO CLUB, INC., ET AL., respondents.D E C I S I O NThis is a petition to mandate the respondents in approving/accepting petitioner Jaime R. Blanco as associate member of Manila Polo Club, Inc. (Club for brevity); to declare the resolution which established the overage unmarried 21 to 35 years old dependent membership of the club as illegal; and to award damages as well. LLprPetitioners allege that while individual respondent had already admitted that petitioner son had all of the qualifications for an associate member and there were still 13 available slots, they still denied his application for associate membership on the ground that there was no opening for said membership in the meantime; that the resolution which established a membership of overage dependents consisting of unmarried sons and daughters between the ages 21 to 35 of proprietary member and which prescribed monthly club dues was violative of the By-laws; and that the same would not have been an illegality...
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Tags
Securities and Exchange Commission Departments
SEC Securities Investigation and Clearing Department
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