Ex Parte Morgan

1 While we may concede the inapplicability of the sections of the Code cited and discussed in the opinion of the Court of Appeals and may not differ as to the rule under the common law as to the proper party to suits when one is a mere beneficiary under the bond and not the payee, yet we think the right of this appellee to maintain the present suit was expressly authorized by the act in question. Section 3 of the Act of 1920, page 63, among other things provides:

"Any person who shall be induced to purchase any stock of any corporation, proposed corporation, copartnership, or unincorporated…