Koeneke v. B & O Lumber Co.

Duane Koeneke and wife Vivian brought an action to recover from the defendants a sum paid defendants in the purchase of shares of stock in the B & 0 Lumber Company, an Oregon corporation.

A. F. Hurt and wife Velma also brought an action for the same purpose and the two cases were consolidated for trial and this appeal.

The plaintiffs recovered judgment and the defendants appeal.

The facts disclose and the trial court found that the stock of the lumber company had not been registered with the Corporation Commissioner for the purpose of sale and no permit or license for the sale had been granted.

Th…