Printable Format17-1228.
History: L. 1929, ch. 140, § 6; L. 1935, ch. 129, § 5; Repealed, L. 1957, ch. 145, § 23; July 1.
Source or Prior Law:
17-1202.
CASE ANNOTATIONS
1. Section applies to stock of holding company. Cities Service Co. v. Koeneke, 137 Kan. 7, 9, 14, 16, 17, 18, 23, 25, 20 P.2d 460.
2. Sale made in violation of 1929 act; avoidance by purchaser held barred. Brown Memorial Foundation v. Rohrer, 152 Kan. 291, 293, 103 P.2d 814.
3. Construed with K.S.A. 17-1229; no authority to issue permit containing limitations. Rostocil v. United Oil & Gas Royalty Ass'n, 177 Kan. 15, 20, 21, 274 P.2d 761.
4. Sales of securities in form of working interests in oil and gas leases exempt under act; isolated transactions. Elting v. Pickett, 190 Kan. 54, 372 P.2d 261.
5. Sale of security without permit is not void but voidable. Sauberli v. Sledd, 143 Kan. 350, 354, 55 P.2d 415; Westhusin v. Landowner's Oil Ass'n, 143 Kan. 404, 405, 55 P.2d 406; Fitch v. United Royalty Co., 143 Kan. 486, 55 P.2d 409; Groves v. Home Royalty Ass'n, 145 Kan. 752, 758, 68 P.2d 19.