(DOWNLOAD) "State Ex Rel. Mays v. Ridenhour" by Supreme Court of Kansas # Book PDF Kindle ePub Free
eBook details
- Title: State Ex Rel. Mays v. Ridenhour
- Author : Supreme Court of Kansas
- Release Date : January 24, 1991
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 76 KB
Description
The opinion of the court was delivered by This is an action brought by the plaintiff, Securities
Commissioner of the State of Kansas (Commissioner), seeking
equitable relief against the defendants under the provisions of
the Kansas Securities Act, K.S.A. 17-1252 et seq. The defendants
appeal from an order of the district court granting the plaintiff
summary judgment and ordering the disgorgement of profits. The Commissioner filed a civil suit in the Shawnee County
District Court, alleging that some defendants, none of whom is
appealing here, organized a "pyramid scheme" and that the
appealing defendants materially aided in the operation of the
scheme. Under K.S.A. 17-1266, the Commissioner is authorized to
bring civil actions seeking equitable relief to enforce the
Kansas Securities Act. The petition alleged violations of (1)
K.S.A. 17-1255, which prohibits selling unregistered securities,
(2) K.S.A. 17-1254, which requires securities salespersons to
register, and (3) K.S.A. 17-1253, which prohibits material
misstatements of fact in selling securities. The petition sought
a mandatory injunction, the disgorgement of profits, the
appointment of a receiver, and the production of records to allow
an accounting.
 "State Ex Rel. Mays v. Ridenhour" by Supreme Court of Kansas # Book PDF Kindle ePub Free){kind=link}