People v. Montague

Defendants were convicted of a violation of sections 21 and 22 of the blue sky law, being a part of Act No. 220, Pub. Acts 1923, as amended (2 Comp. Laws 1929, § 9769, et seq., as last amended by Act No. 37, Pub. Acts 1935). A trial by jury was expressly waived by each defendant.

Appellants were charged with unlawfully dealing in securities at the city of Petoskey, in the county of Emmet, without first procuring a license therefor as provided in the act.

We quote the following statement of facts from the opinion of the trial judge:

‘ ‘ The facts are not greatly in dispute. Having obtained from…