Dеfendant and one Rankin were jointly charged by amended information in Count I, with criminal conspiracy in violation of section 182, subdivisions 1 and 4, Penal Code; in Counts II, III, IV, VI, VIII, IX, X, XII, and XIII, with violations of the Corporate Securities Law (Corp. Code, § 26104, subd. (a)); and in the remaining counts with grand theft, in violation of section 487, subdivision 1, Penal Code. A motion to set aside the information under section 995, Penal Code, having been denied, both defendants pleaded not guilty and personally waived trial by jury as to the counts charging violations of the Corporate Securities Law, which as a group were designаted by stipulation as Information A. In addition to the jury waiver, the parties stipulated to the submission of the cause on the transcript of proceedings and the exhibits received on the preliminary hearing, reserving the right to produce additional evidence. At the trial no additional evidence was received, although an agreed statement of facts was filed with the court. Both defendants were found guilty of all the offenses charged in Information A and motions for a new trial were denied. Morrison has appealed from the judgment of conviction and the order denying a new trial; proceedings as to Rankin, who likewise appealed, have abated by reason of his death.
The evidence, necessarily viewed in the light most favorable to the respondent, reveals that defendant’s method of operation varied but little in dealing with the several persons, all *154 residents of Los Angeles County, who invested in defendants’ enterprises which consisted of mining claims located outside California. The technique employed is illustrated by the activities hereinafter summarized, involving Dr. Pangman, the prosecution’s witness in Count I.
In Dеcember of 1954, Morrison made the acquaintance of one Livingston, a securities salesman, who, having indicated an interest in uranium mining, was invited to call at Morrison’s office. Livingston met with Morrison the next day. The latter mentioned “a very spectacular uranium deal” in Wyoming that had been brought to him by one Rankin, referred to by him as “the big oil man” who, it appears, Livingston had once met casually. After having been shown a copy of a geological report to Rankin, Livingston said he was interested and in response to Morrison’s inquiry stated that he had several clients whо also might wish to invest if the report stood up under investigation. After a second or third meeting with Morrison, Livingston subsequently contacted Dr. Pang-man, one of his customers, and showed him the report. He told Pangman that Morrison, ostensibly a reputable business man in the community, had advised him of the availability of a group of claims controlled by Rankin in a certain section of Wyoming; that “the ore was right on the ground” and ready for immediate loading and hauling to the buying station 80 miles away. According to Livingston, a 5 per cent, interest was obtainable for $2,000, such interest to be reflected by instruments, which would secure clearance from the Corporation Commissioner with whom Rankin had assertedly conferred. At the same time, Livingston explained to Pang-man that he himself was investing $1,000 and securing an equal interest for the lesser sum by way of a bonus or commission.
Shortly thereafter Pangman met with Morrison and Livingston; he was told by Morrison that Rankin had a group of claims in the Crooks Gap area of Wyoming and that by arrangement with Rankin they were going to “break out” 20 of these claims which had a commercial grade of uranium that “could be simply scooped up and takеn to the buying station.” Upon Livingston’s recommendation, and after other attractive features of the claims had been described, Pangman indicated his willingness to invest. For $2,000 he was to receive a 5 per cent interest on a limited partnership basis in the group of 20 claims. Pangman testified: “I insisted that this was going to be a limited partnership because *155 I didn’t want to be a general partner in something I didn’t know too much about. ’ ’ With that understanding (the papers to be drawn up later), Pangman issued two cheeks for $1,000 to the order of Rankin and gave them to Livingston.
Subsequently Pangman and Livingstоn received and signed two instruments captioned “Agreement” and “Agreement of Limited Partnership.” By the terms of the first mentioned document, dated January 17, 1955, one Frost (therein referred to as “grantor”) undertook to sell to Rankin, Livingston, Pangman, Morrison and Lee Luecke (referred to as “grantees”) all of his interest in 20 mining claims therein described for the agreed price of $40,000, payable $12,000 upon the execution of the instrument and the balance payable monthly, but not less than $1,000, in the form of a percentage royalty on all minerals produced. Upon the reсeipt of the full purchase price, Frost agreed to convey title to the claims (although his ability to do so must be gravely suspect), reserving for himself and his predecessors in interest a 20 per cent overriding royalty. Rankin and the other “grantees” undertook to do all assessment work necessary to keep the claims in full force and effect and to diligently mine the claims in a good and workmanlike manner for not less than 10 days per month unless prevented by forces beyond their control. The second instrument, “Agreement of Limited Partnership,” was likewise effеctive January 17, 1955, and formed a limited partnership under the firm name of Ponderosa Uranium Company to engage in the business of mining, selling and dealing generally in uranium and other minerals on the claims conveyed to the partners by Frost, all of which claims were in turn transferred to the partnership. Rankin and Morrison were declared to be general partners, having a 60 per cent and 25 per cent interest, respectively, in the net profits; Luecke, Livingston and Pangman were listed as limited partners, each with a 5 per cent interest. Article VII of the agreement provided, in part, that the general partners “shall have the sole control and management of the partnership business” whereas “ (t)he limited partners shall not take part in the management of the business or transact any business for the partnership,” unless and until there be a disagreement between the general partners incapable of settlement.
Shortly after they had financially committed themselves to the first of defendants’ enterprises, Livingston and Pangman had another meeting relative to a further investment in Rankin’s ventures. Morrison had previously reprеsented to *156 Livingston that Rankin had a second group of 20 claims known as the Blue Moon Uranium group and would give them a larger interest, 10 per cent, for the same amount of money. At about the same time, another prospective investor, one Holmes, was told by Morrison that he ought to receive a return of $50 a day for five days a week, and possibly $250 a day. Subsequently, Pangman delivered to Livingston two cheeks for $1,000 each; Livingston issued a check in the sum of $1,000 payable to Rankin. Pangman, Holmes and Livingston later signed and received copies of two documents containing provisions substantially similar to the Ponderosa agreements—the partnership was named Blue Moon Uranium Company ; Rankin and Morrison being designated general partners, and Livingston, Pangman and Holmes limited partners with interests of 15 per cent, 10 per cent and 5 per cent, respectively.
The record reveals, and it is not otherwise contended, that during the next six months 10 more companies were organized in much the same manner. In every instance, Rankin and Morrison were designated as general partners (sometimes being joined in that capacity by Livingston), and the investors as limited partners obtained specified percentages of the profits of the business, ranging upward from 2% per cent for each $1,000. Asked to relate the role he or she expected to play in the partnership, each witness thus concerned testified substantially as did Pangman in that regard. It is undisputed that neither defendant nor any of the partnerships in question sought or secured a permit from the Corporation Commissioner.
Morrison, the sole appellant, contends that (1) the information failed to give him due notice of the offenses charged; (2) sections 26104 and 26104, subdivision (a) of the Corporations Code are unconstitutional in that they are vague, deny appellant the right to obtain and dispose of his property, impose a previous restraint and fail to set up proper standards for the granting of permits; (3) the evidence failed to show either a sale or a security; (4) the court had no jurisdiction over the subject matter of the transactions; (5) the court lacked jurisdiction to try appellant on Counts III, IV, VI and VIII because there was no finding by the magistrate as to probаble cause; (6) the judgment is contrary to the law and the evidence; (7) there exists a fatal variance between the proof and the information; and (8) the court improperly denied the motion to dismiss the information (Pen. Code, § 995).
*157
Section 26104 of the Corporations Code declares that “ (B)very officer, agent, or employee of any company and every other person, who does any of the following acts is guilty of a public offense punishable by imprisonment . . . or by a fine ... or by both such fine and imprisonment.” There then immediately follows a series оf subdivisions, (a) through (g), appellant being charged with violating subdivision (a) which reads: “ (K)nowingly authorizes, directs, or aids in the issue or sale of, or issues or executes, or sells, or causes or assists in causing to be issued, executed, or sold, any security, in nonconformity with a permit of the commissioner then in effect authorizing such issue, or contrary to the provisions of this division or of the Constitution of this State. ’
’
The several counts in Information A accused Rankin and appellant “of the crime of Violation op Corporate Securities Law, Section 26104(a), Corporatiоns Code, a felony, committed as follows: That the said Ben I. Rankin and James H. Morrison on or about (the day, month and year being specified) at and in the County of Los Angeles, State of California, did wilfully, unlawfully, feloniously and knowingly sell and issue, and cause to be sold and issued for value, to-wit (the amount being specified), a security, to-wit, a certificate of interest in a mining title and lease, without first having applied for and secured from the Commissioner of Corporations of the State of California, a permit so to do.” Appellant argues that he was charged with violating subdivision (a) only, which commences with the word “Knowingly,” is lacking in any declaration that the matter is a public offense, and refers to no person or persons, being assertedly a sentence without a subject. The contention lacks any semblance of substance in light of the cardinal rule of statutory construction that all parts of a statute must be read and considered as a whole so that the enactment may stand in its entirety. In the instant case, the subdivision (a) should be read with direct reference to the preceding (and opening) paragraph which, furthеrmore, makes use of the conjunctive word “following.” Appellant further urges that the information omitted to accord him due notice of the crime purportedly charged in that it failed to allege whether he directed, or aided, in the issue or sale of a security, or whether he issued or sold or assisted in causing a security to be issued, executed, or sold without the necessary permit. The contention is without merit, even if notice were not taken of the amendments liberalizing the rules of pleading in criminal eases
(People
v.
*158
Pierce,
Although the Corporate Securities Act “has withstood numerous assaults upon its constitutionality”
(People
v.
Sears,
Appellant next contends that the interest purchased by the numerous investors did not constitute a “security” within contemplation of the act, and that the transaction in each instance was not a sale as proscribed by the statute. He argues that the trial court erroneously received the two agreements or documents signed by the respective purchasers as one exhibit and considered them together as a security; that private transactions being presumed to be fair and legal, the parties here did not participаte in an unlawful enterprise; that the term “securities” in its ordinary meaning does not include deeds or grants to real property, including mining claims; that since the agreements contemplated active participation by the grantees under the agreement of purchase and sale (and the limited partners in the instance of that agreement), no security was involved; and finally, that appellant did not *160 in fact sell a certificate of interest in a mining claim, as charged, because he himself was a grantee under the purchase agreement and а eopurchaser of the mining claims. None of these contentions, for reasons hereinafter appearing, is sustainable.
Section 25008 of the Corporations Code in pertinent part provides: “ ‘Security’ includes all of the following: (a) . . . any certificate of interest in an oil, gas or mining title or lease. ...”
The principle has long been recognized that in ascertaining whether an instrument is a security within the meaning of the code, the court may look through mere form to substance and consider the facts and circumstances surrounding its execution to determine the true intent of the parties, their mutual purposes and expectations and the potentialities of the rights acquired by the purchaser
(Oil Lease Service
v.
Stephenson,
Notwithstanding the foregoing principlеs, appellant asks us to conclude that the trial court erroneously considered the two subject agreements as one document; thus, he asserts
*161
that since neither instrument, taken separately, was a security, they could not be so construed in combination, and that the circumstances of their execution did not warrant their reception in evidence, stapled together, as one exhibit. A similar contention was raised and rejected in
El Claro Oil & Gas Co.
v.
Daugherty,
Likewise unavailing is appellant’s assertion that he and the other investors “as tenants in common” under the purchase and sale agreement subsequently transferred the property into a partnership “as an interim step to the formation of a corporation,” thus purportedly making the factual situation analogous to that found in
Nicholl
v.
Ipsen,
Similarly without merit is the claim that appellant must have intended to enter into a legal, as distinguished from an illegal, transaction—all private transactions, he argues, are presumed to have been fair and regular. This being a criminal
*162
prosecution, the state is not hound by the written provision of the instruments in question and may establish by parol the real intention of the parties
(People
v.
Sidwell,
Appellant’s remaining claims on this phase of the appeal, while tending to overlap prior contentions, reassert in substance that there was neither a sale nor a security. The difficulty with appellant’s argument, as extensively developed, is that he has taken a wholly partisan approach to the evidence adduced in the court below, quoting at length from testimony of prosecution witnesses which assertedly discredits the findings reached by the trier of the fact. However, “(I)t was the function of the trial court, not this court, to resolve inconsistencies and contradictions . . . and the trier of the fact may believe and accept a portion of the testimony of a witness and disbelieve the remainder. On appeal that portion which supports the judgment must be accepted . . .”
(People
v.
Thomas,
Nor are we in accord with appellant’s next proposition which challenges the jurisdiction of the trial court over the subject matter of the present controversy. He argues that the Corporate Securities Law does not attach to transactions consummated, or to be completed, outside the state, pointing out in the instant case that the last signature (usually Rankin’s) to one or the other, or both, of the documents in question was affixed either in Colorado, Utah or Wyoming; and that the principal place of business of each partnership business was declared to be Rawlins, Wyoming, where the general partners were to select a bank as the depositary of the company’s funds. Accordingly, he concludes, pronouncements found in
Oakley
v.
Rosen,
The trial court’s jurisdiction is further challenged on the ground that the district attorney was without authority to include in the amended information four additional violations of the statute not designated in the order of commitment rendered by the magistrate. He cites the holdings in
People
v.
Bomar,
Although submitted without argument or citation of authority appellant’s remaining points have been carefully examined. They are mostly repetitious of matters previously discussed and considered and are devoid of merit.
For the reasons herein set forth, the judgment and order appealed from are, and each is, affirmed.
White, P. J., and Fourt, J., concurred.
A petition for a rehearing was denied April 22, 1959, and appellant’s petition for a hearing by the Supreme Court was denied May 20, 1959.
