Printable Format17-1223.
History: L. 1929, ch. 140, § 1; L. 1935, ch. 129, § 1; L. 1937, ch. 175, § 1; Repealed, L. 1957, ch. 145, § 23; July 1.
Source or Prior Law:
17-1201.
CASE ANNOTATIONS
1. Evidence held sufficient to sustain conviction of selling securities without license. State v. Harper, 137 Kan. 695, 696, 22 P.2d 454.
2. Provision relating to giving of bonus stock interpreted and held valid. State v. Dobson, 140 Kan. 445, 446, 37 P.2d 10.
3. Sale of unregistered securities by unregistered agent constitutes two distinct offenses. State v. Fleming, 140 Kan. 464, 37 P.2d 12.
4. Evidence held insufficient to support conviction for sale contrary to approved plan. State v. Fisher, 140 Kan. 511, 38 P.2d 115.
5. Note transaction considered and held "sale of stock" under act. State v. MacLean, 142 Kan. 215, 217, 46 P.2d 879.
6. Information, evidence, verdict and instructions considered and conviction of selling unregistered securities upheld. State v. Barr, 144 Kan. 256, 257, 258, 59 P.2d 33.
7. Noncompliance with act no defense to action against incorporator director treasurer. Norton v. Lamb, 144 Kan. 665, 668, 62 P.2d 1311.
8. Under evidence securities were not a bonus or part of subject of sale; evidence sufficient to show defendant was an "agent." State v. Svoboda, 147 Kan. 245, 249, 76 P.2d 814.
9. Act does not violate U.S. constitution freedom of contract provisions. In re MacLean, 147 Kan. 678, 680, 78 P.2d 855.
10. Purpose of act discussed. Terrill v. Hoyt, 149 Kan. 51, 87 P.2d 238.
11. Purpose of act to prevent fraud not regulate business; stock and certificates of indebtedness of co-operative marketing association within act. State, ex rel., v. Consumers Co-operative Ass'n, 163 Kan. 324, 329, 356, 183 P.2d 423.
12. Seller held "broker" without license and sale voidable under K.S.A. 17-1240. Setchell v. Moore, 89 F.2d 236, 238, 241.
13. Company organized as express trust under Oklahoma law held operating as foreign corporation; subject to this act and corporation code. State, ex rel., v. United Royalty Co., 188 Kan. 443, 445, 447, 455, 456, 459, 460, 461, 363 P.2d 397.
14. Sales of securities in form of working interests in oil and gas leases exempt under act; isolated transactions. Elting v. Pickett, 190 Kan. 54, 62, 63, 372 P.2d 261.