Zapf v. Ridenour

Chapter 13-B, Title IX, Supplemental Supplement to the Code, 1915, contains what is commonly known as the “Blue Sky Act.” This statute has since been amended, and is now a part of Chapter 393, Code of 1924. The statute requires that, before a stockbroker . , . -, . ,, . , , •, may engage m business as such, m this state, he must secure from the secretary of state a permit. The original act under which this suit arose provided as follows:

“Before being granted such permit by the secretary of state the stockbroker or dealer shall give a bond in the penal sum of five thousand dollars to the state…