State v. Walters

Chapter 502 of the 1950 Code of Iowa is entitled and known as “Iowa Securities Law.” Its administration is vested in the commissioner of insurance for the state of Iowa.

Section 502.3 of the chapter provides: “Definitions. When used in this chapter the following terms shall, unless the text otherwise indicates, have the following respective meanings: 1. 'Security’ shall include any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest in an oil, gas, or mining lease, collateral trust certificate, preorganization certificate, preorganization…