Cleland v. Smart

This is an action in assumpsit brought under the provisions of the statute commonly designated as the blue-sky law, 2 Comp. Laws 1929, § 9769 et seq., as amended by Act No. 165, Pub. Acts 1941 (Comp. Laws Supp. 1940, 1943, § 9769 et seq., Stat. Ann. and Stat. Ann. 1944 Cum. Supp. § 19.741 et seq.). *

Plaintiff sued for recovery of moneys paid for purchase of stock which was not authorized by law to be sold. After the case was at issue, plaintiff moved for summary judgment against both defendants. Defendant Smart filed an affidavit of merits. Plaintiff had judgment for $1,500 and costs against…