Jackson v. Robertson

UDALL, Vice Chief Justice.

The principal question presented by this-, appeal is whether a provision in a contract between joint venturers calling for the issuance of corporate stock not then registered, in accordance with the Arizona Securities Act renders the contract illegal and therefore unenforceable.

Plaintiff D. H. Jackson, his wife and his. attorney were the incorporators and directors of Octave Gold Mining Corporation, when it was lawfully incorporated in 1953.. At that time the corporation had neither assets nor stockholders and carried on no-business. But plaintiff personally owned a…