History:
L. 1957, ch. 145, § 4; L. 1994, ch. 291, § 16; L. 1995, ch. 251, § 6; L. 1997, ch. 62, § 5; L. 2003, ch. 117, § 3; Repealed, L. 2004, ch. 154, § 65; July 1, 2005.
CASE ANNOTATIONS
1. Company organized as express trust under Oklahoma law operating as foreign corporation; application of securities act and corporation code. State, ex rel., v. United Royalty Co., 188 Kan. 443, 363 P.2d 397.
2. Cause of action under Blue Sky Law cannot be first raised on appeal. Crist v. United Underwriters, Ltd., 343 F.2d 902, 904.
3. Registration of stock not required in case of "isolated transaction." Allen v. Schauf, 202 Kan. 348, 353, 355, 356, 449 P.2d 1010.
4. Certain promissory notes sold to general public held to be securities and required to be registered hereunder. State v. Hodge, 204 Kan. 98, 99, 104, 105, 460 P.2d 596.
5. New trial ordered on fraud convictions; trial court erred in instructing jury and in restricting cross-examination. State v. Puckett, 6 Kan. App. 2d 688, 689, 705, 634 P.2d 144 (1981); aff'd, 230 Kan. 596, 640 P.2d 1198 (1981).
6. Under facts of case alleged investment contract not subject to act. State ex rel. Owens v. Colby, 231 Kan. 498, 499, 646 P.2d 1071 (1982).
7. Sale of unregistered limited partnership interests considered; no jurisdiction over nonresident directors of corporation found. Schlatter v. Mo-Comm Futures, Ltd., 233 Kan. 324, 327, 662 P.2d 553 (1983).
8. Burden on state to prove all elements of crime charged; burden of showing transaction as exempt on defendant. State v. Kershner, 15 Kan. App. 2d 17, 19, 20, 801 P.2d 68 (1990).
9. Statute prohibiting sale of unregistered securities held not unconstitutionally vague. State ex rel. Mays v. Ridenhour, 248 Kan. 919, 945, 811 P.2d 1220 (1991).
11. Disbarment recommendation based upon conviction hereunder; conviction reflected adversely on fitness as a lawyer resulting in public censure. In re Kershner, 250 Kan. 383, 384, 388, 827 P.2d 1189 (1992).
13. Conviction for selling unregistered securities upheld; sufficient evidence to find remuneration paid for soliciting investors. State v. Stuber, 25 Kan. App. 2d 254, 263, 962 P.2d 1104 (1998).
14. Discovery rule in fraud claim did not apply to investors' action alleging sale of unregistered securities. Perry H. Bacon Trust v. Transition Partners, Ltd., 298 F. Supp. 2d 1182, 1186 (2004).
State Ex Rel. Mays v. Ridenhour, 811 P.2d 1220 (Kan. 1991). · cites it 10דThe petition alleged violations of (1) K.S.A. 17-1255, which prohibits selling unregistered securities, (2) K.”
Klein v. Oppenheimer & Co., 130 P.3d 569 (Kan. 2006). · cites it 9דThe sale of nonexempt, unregistered securities is prohibited by K.S.A. 17-1255. Klein sued Oppenheimer under K.”
Brenner v. Oppenheimer & Co., 44 P.3d 364 (Kan. 2002). · cites it 3דThe sale of unregistered, nonexempt securities is prohibited under Kansas law by K.S.A. 17-1255, and is also prohibited by federal securities law.”
Perry H. Bacon Trust v. Transition Partners, Ltd., 298 F. Supp. 2d 1182 (D. Kan. 2004). · cites it 12דPlaintiffs filed suit against defendant alleging that defendant violated K.S.A. § 17-1255 by materially aiding in the sale of unregistered securities of U.”
Bolz v. State Farm Mut. Ins. Co., 52 P.3d 898 (Kan. 2002). · cites it 4דIn Brenner , investors brought an action against Oppenheimer, a clearing broker, and employees of the introducing broker for violation of K.S.A. 17-1255 of the Kansas Securities Act in the sale of unregistered nonexempt securities.”
State v. Puckett, 640 P.2d 1198 (Kan. Ct. App. 1981). · cites it 4ד17-1267), and seven counts of unlawful acts in connection with the sale of a security (K.S.A. 1979 Supp.”
Comeau v. Rupp, 810 F. Supp. 1127 (D. Kan. 1992). · cites it 2ד2d at 1234 (adopting “but for” causation test to establish aider and abetting liability under K.S.A. § 17-1255); Wilson v. Ruffa & Hanover, P.”
In Re Kershner, 827 P.2d 1189 (Kan. 1992). · cites it 2דThe panel recommended that Kershner be disbarred because of (1) his two felony convictions for selling unregistered securities, in violation of K.S.A. 17-1255, and his two felony convictions for acting as a broker-dealer or agent when not registered with the Kansas Securities…”
Kelly v. Primeline Advisory, Inc., 889 P.2d 130 (Kan. 1995). · cites it 2ד17-1254, which requires that sellers of securities be registered with the State; (2) an action alleging a violation of K.S.A. 17-1255, which prohibits selling unregistered securities; and (3) an action alleging a material and misleading misrepresentation or omission by one who…”
York v. InTrust Bank, N.A., 962 P.2d 405 (Kan. 1998). “2d 1220 (1991), where passive defendants were held liable under K.SA. 17-1255 for knowingly joining in an unlawful venture and committing overt acts in furtherance of the conspiracy.”
State v. Kershner, 801 P.2d 68 (Kan. Ct. App. 1990). · cites it 2ד17-1254[a]) and two convictions of selling or offering for sale unregistered securities (K.S.A. 17-1255). We affirm. Kershner ran the business activities of Amhawk, Inc.”
Klein v. Oppenheimer & Co., 130 P.3d 569 (Kan. 2006). “The sale of nonexempt, unregistered securities is prohibited by K.S.A. 17-1255. Klein sued Oppenheimer under K.”
Annotations are extracted automatically from the opinions in the
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treatment. Dots show Syfertize treatment of the citing case itself.