Hyde v. Albert E. Peirce & Co.

This ease presents the question whether there is a legislative requirement to the effect that a broker’s bond should be conditioned upon such broker conducting his business in such a way as to conform to the Blue Sky Law and particularly to be free from fraudulent practice.

It is urged by defendants and amici curiae that prior to the enactment of chapter 166 of the 1931 Session Laws there was no such legislative requirement. In other words, these parties argue that the bond required by section 25-1309, Oregon Code 1930, is a qualifying bond and not an indemnity bond. It is said that by a…