State v. Swenson

Taylor, C.

Defendant was convicted of violating the so-called blue sky law (L. 1925, p. 197, c. 192), by selling an interest in an unregistered “profit sharing or participating agreement or scheme,” which interest was evidenced by the following instrument:

“Promoter Inventor

“Sigurd M. Swenson Arthur H. Wright

“Wright Rotary-Reciprocating-Combustion Motor Company

“Dyckman Hotel

“Minneapolis

“Sleepy Eye, Minn.

“June 29, 1926.

“It is Hereby Mutually Agreed by and between Sigurd M. Swenson, hereinafter referred to as the party of the first part, and Thomas S. Merkel, of Sleepy Eye, Minnesota, hereinafter…