Boise Assn. of Credit Men v. Seawell

BAKER, District Judge.

The appellant in this court, defendant in the trial court, insists that pending the approval of application, in all respects regular and complete, by an investment company for authority to sell its stock and its application for the issuance of licenses to its agents, as required by the provisions of the “Blue Sky Law” of this state, all contracts entered into by such agents on behalf of such investment company are illegal and unenforceable. The question is presented in the following manner: On August 11, 1920, the Payette Cooperative Company filed in the office of the…