Beckham v. Holborn

SMITH, Judge.

Beckham appeals from a judgment refunding appellee Holborn the purchase price he paid Translinear, Inc., a Texas corporation, for shares of Translinear common stock which were not registered as securities in Florida. The court found that the sale by Translinear to Holborn occurred in Florida, that the exemption from Florida registration afforded by § 517.-06(11), F.S., was not satisfied, that the transaction violated ch. 517, F.S., and that appellant Beckham, Translinear’s president who personally participated in the sale of Translinear stock to Holborn, was directly liable to…