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EURICH v. KOREAN FOUNDATION, INC.

Gen. No. 47,976.

31 Ill. App.2d 474 (1961)

176 N.E.2d 692

Alvin C. Eurich and James K. Mathews, Plaintiffs-Appellees, v. Korean Foundation, Inc., a Not-For-Profit Corporation, Soon K. Hahn, Eldridge T. McSwain, Latham Castle, Attorney General of the State of Illinois, and National Boulevard Bank of Chicago, a National Banking Association, Defendants. Korean Foundation, Inc., and Soon K. Hahn, Defendants-Appellants.

Appellate Court of Illinois — First District, Second Division.

June 30, 1961.

Attorney(s) appearing for the Case

Donald C. Gancer, of Chicago, for appellants.

Anan Raymond, Charles J. O'Laughlin and Thomas W. McNamara, of Chicago (Thompson, Raymond, Mayer, Jenner & Bloomstein, of counsel), for appellees.

MR. JUSTICE BURKE delivered the opinion of the court.

On July 28, 1956, Alvin C. Eurich and James K. Mathews filed a complaint in chancery as members and trustees of a not-for-profit charitable corporation, the Korean Foundation, Inc., to enjoin a threatened misapplication of the Foundation's funds, to restrain Soon K. Hahn, a member and trustee, from any action with respect to the funds and, in the alternative, to dissolve the Foundation. After a master's hearing...

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