APPENDIX OF OASES.
210
against the directors and a portion of the shareholders
who concurred in the acts complained of. The plaintiffs
alleged that, being dissatisfied with the management, they
had, in pursuance of the provisions of their deed of associ
ation, given a month’s notice of their intention to withdraw
from the society, and that the directors had denied their
right so to withdraw. The plaintiffs thereupon filed their
bill to recover their subscriptions, and by the present
motion sought to restrain the directors from transferring or
appropriating the funds of the society at the bankers. The
defendants contended that the proper course for the plain
tiffs, if dissatisfied with the conduct of the directors, was,
according to the rules of the society, to appeal to arbitrators
duly elected at a meeting for that purpose, and if that step
■did not produce a satisfactory result, they were then em
powered to apply to two justices of the peace, whose
decision would be final. Cbaxworth, V.-C., said that the
case was one in which the regulations of the society, and
the provisions of the legislature with regard to such associ
ations, permitted the members, in the event of a dispute
arising, to bring the case before the directors for their
decision ; and if that should be unsatisfactory, to appeal to
arbitrators, and ultimately to carry the case before two
magistrates for their determination. The plaintiffs, how
ever, had thought proper to apply to the court to put a
construction on their rules, instead of adopting those means
of redress which were clearly pointed out by the rules
themselves. He was of opinion that there was no necessity
for the interference of the court, and refused the motion
with costs.
In Grinham v. Card, 7 Exeh. 883, a dispute arose between
two of the members of the committee of a friendly society
and the trustees touching the distribution of a fund in the
hands of the latter, and by one of the rules it was ordered
that disputes were to be referred to such members of the
committee as should not be personally interested in the
matter ; and it was held that the judge of the county court
had no jurisdiction in such case according to the rule of the
society, which provided for the reference to the committee,
and then to private arbitration, of all disputes, and the
question now raised was, whether this particular dispute
was one which could have been the subject of a suit in
equity. The court restrained the judge of the county court
from hearing the cause, on the ground that the dispute
ivas one which ought to have been referred under the
above rule.