Fleming v. Fox Furnace Co.

Section 29 of the act approved August 17, 1920, known as the present Georgia “blue sky” law (Ga. L. 1920, pp. 250, 267; Park’s Code Supp., 1922, § 2909(mm); Michie’s Code, § 2928(73)), provides that “every sale or contract of sale made by a dealer or his agent, or other person, coming within the provisions of this act, who has not first secured a license from the Securities Commission . . shall be void, and may be rescinded by the purchaser within one year, but not thereafter.” Section 35 of the act (Park’s Code Supp., 1922, § 2909 (rr); Michie’s Code, § 2928(73)) further provides that “every…