Method of Control of "Outs" in Wholesale Merchandising

Method of Control of "Outs" in Wholesale Merchandising

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: another case, 'to stop the sale of stock in fly-by-nigit concerns, visionary oil wells, distant gld mines, and other like fraudulent (3)' 36 Canadian Law Times 57 (1916) (4) Hall v. Geiger-Jones Company 242 U.S. 559; see also Standard House Co. v. Davis 217 Fed. 904 (upholding the Arkansas blue sky law): "The intent of the statute is to protect our people unier the police power, from fraud and imposition by irresponsible, non-res ident parties." Robert R. Reed, General Counsel for the Investment Bankers' Association of America, says that "Blue Sky Lew reyresents lractically the first attemot in our country to subject private (5) business to a suyervisory control by the executive." Yet an even decade baciz fran the time when our 1921 state legislatures ccnvensd the term "Blue Sky" had never been applied to statutes. Too, on the books there stood no laws which it could describe.'6) The day the last of those regular sessions of 192.1 adjourned fo rty-two states had adopted blue sky legislation. Today thirtyenins states prohibit the sale of COI'_p01a.tB securities until such stocks, bonds and other evidences of indebtedness have been 8.py1'OV8d by administrative officers, or until other specified requirements have been fulfilled.(7) Only Colorado, Connecticut, Delaware, Ilevada, Pennsylvania, '"lashin_2, ton and the District of Columbia have none. In Colorado a blue sky bill passed both houses as early as 1915 bit was 19145, Annual Report of Counsel, p. 164Iat p. 167. (6) House I"-Io. 1175 (1921), Lassackusetts, 1-ieyort of the Special Commission to Investiggate the Sale of Corporate securities ard Related Liatters, p. 19: "Che United states prior to 1911-gave more

Product details

  • Paperback | 102 pages
  • 189 x 246 x 5mm | 195g
  • United States
  • English
  • black & white illustrations
  • 1236858204
  • 9781236858207