harold wolfinger: harold’s blog

Clubs are associations of a peculiar nature. They are societies of which the
Members are perpetually changing. They are not partnerships; they are not
associations for gain; and the feature which distinguishes them from other
societies is that no member as such becomes liable to pay to the funds of the
society or to anyone else any money beyond the subscription required by the
rules of the club to be paid so long as he remains a member.

It is upon this fundemental condition not usually expressed but understood by
everyone that clubs are formed ;  and this distinguishing feature has been often
judicially recognised. It has been so recognised in actions by creditors and in
winding up proceedings.