Atkin v. Hill, Darlington & Grimm

Denials of plaintiffs’ motion and defendants’ cross-motion for summary judgment raise questions relating to the construction of section 51 of the Insurance Law, which reads in part as follows:

“ 1. No person, firm, association or corporation shall, except as provided in subsection six, in this state sell or propose to sell to the public any note, stock, treasury stock, share, bond, debenture, evidence of indebtedness, certificate of interest or participation, voting trust certificate, certificate of deposit for a security, pre-organization certificate of subscription, investment contract, or…