Waisbren v. Blink

In this action for money had and received, plaintiff seeks to recover the purchase price which he paid for shares'of stock of an Illinois corporation which was not licensed to engage in business in Wisconsin. No permits had been obtained authorizing the sale of that stock, or authorizing defendant to sell stock in Wisconsin, as was required by sec. 183.27, Stats. 1923 (now 189.07), and sec. 183.29 (now 189.12, 189.13) of the so-called Blue Sky Law. Upon the trial the learned circuit judge, after finding the essential facts as to plaintiff’s purchase and payment for the stock in January, 1924,…