177 Wis. 49 | Wis. | 1922
Sec. 1753 — 57, Stats. 1919, provides that “The sale of every security issued by any company without a permit of the commission authorizing the same then in effect, shall be void,” and sub. (c), sec. 1753 — 48, Stats. 1919, defines security or securities as follows: “ ‘Security’ or ‘securities’ means and includes any bonds, stocks, notes or other obligations or evidences of indebtedness or of title which constitutes evidence of, or is secured by, title to, interest in or lien upon any or all of the property or profits of such company.”
It is the claim of the defendant that the contract in question comes under the term “or other obligations” mentioned
Much reliance is placed by the defendant upon the case of People v. Clum, 213 Mich. 651, 182 N. W. 136. In that
By the Court. — Judgment affirmed.