Matteson v. Weaver

Defendant Charles S. Weaver perfected a so-called “common-law trust,” to hold certain oil leases and develop supposed oil properties. It was organized in Chicago, Illinois. It is intimated that such trusts fell under the ban in Illinois and defendant came to Muskegon, where he had formerly resided, to sell shares or units in it. Possibly it was then supposed that such transactions were not inhibited by the so-called “blue sky law” (3 Comp. Laws 1915, § 11945 et seq.) although in this the parties were mistaken (People v. Clum, 213 Mich. 651 [15 A. L. R. 253]). No relief is asked, however, in…