Sheehy v. Shinn

This is an action. founded upon the following clause of section 26 of article IY of the constitution of 1879:

“All contracts for the sale of shares of the capital stock of any corporation or association, on margin, or to be delivered at a future day, shall be void, and any money paid on such contracts may be recovered by the party paying it by suit in any court of competent jurisdiction.”

The plaintiff sues to recover money alleged to have been paid to defendant upon contracts for the sale of stocks “on margin.” The cause was tried in the superior court without a jury, and on the facts found…