187 Mich. 655 | Mich. | 1915
This case is an appeal from the decree of the circuit court in chancery, which dismisses the bill of complaint of the complainants, filed again”st the defendants herein, members of the Michigan Securities Commission created by Act- No. 143, Pub. Acts 1913, the so-called “Blue Sky Law.” The bill attacks the constitutionality of this law on several grounds, and prays for an injunction restraining the defendants from enforcing its terms.
While this case has been pending in this court on this appeal, the legislature at its session of 1915 enacted a new law, creating a similar commission, and by its terms repealed Act No. 143, Pub. Acts 1913, and all acts or parts of acts in conflict with the new legislation. The new act also provided:
“All proceedings pending before said Michigan Securities Commission created by said Act one hundred forty-three of the Public Acts of nineteen hundred and thirteen shall be continued by the commission created by this act; all actions, civil and criminal, pending under said Act one hundred forty-three of the Public Acts of nineteen hundred thirteen shall be continued and completed thereunder.” (Act No. 46, Pub. Acts 1915).
It does not appear from this record that there are any proceedings pending before the commission; nor
We will therefore dismiss the case on our own motion, without costs to either party.
