Printable Format17-1254.
History: L. 1957, ch. 145, § 3; L. 1965, ch. 150, § 1; L. 1969, ch. 118, § 1; L. 1972, ch. 231, § 1; L. 1979, ch. 61, § 3; L. 1981, ch. 99, § 1; L. 1984, ch. 313, § 50; L. 1985, ch. 88, § 1; L. 1988, ch. 90, § 1; L. 1992, ch. 226, § 2; L. 1994, ch. 291, § 15; L. 1995, ch. 251, § 5; L. 1997, ch. 62, § 4; L. 2002, ch. 17, § 2; L. 2003, ch. 117, § 2; Repealed, L. 2004, ch. 154, § 65; July 1, 2005.
CASE ANNOTATIONS
1. Cause of action under Blue Sky law cannot be first raised on appeal. Crist v. United Underwriters, Ltd., 343 F.2d 902, 904.
2. Selling of certain promissory notes held to be selling securities and the seller thereof required to be registered hereunder. State v. Hodge, 204 Kan. 98, 99, 106, 460 P.2d 596.
3. Referred to in upholding constitutionality of Health Care Provider Insurance Availability Act (K.S.A. 40-3401 et seq.). State ex rel. Schneider v. Liggett, 223 Kan. 610, 615, 576 P.2d 221.
4. Corporation which materially aided in fraudulent transaction of unregistered agent liable, jointly and severally; attorney fees. Deets v. Hamilton Management Corp., 2 Kan. App. 2d 452, 454, 455, 581 P.2d 826.
5. New trial ordered on fraud convictions; trial court erred in instructing jury and in restricting cross-examination. State v. Puckett, 6 Kan. App. 2d 688, 689, 705, 634 P.2d 144 (1981); aff'd, 230 Kan. 596, 640 P.2d 1198 (1981).
6. Under facts of case alleged investment contract not subject to act. State ex rel. Owens v. Colby, 231 Kan. 498, 499, 646 P.2d 1071 (1982).
7. Cited; purpose of act explained; sale of "activator kits" constitutes sale of investment contracts (K.S.A. 17-1252(j)). Activator Supply Co. v. Wurth, 239 Kan. 610, 614, 621, 722 P.2d 1081 (1986).
8. Burden on state to prove all elements of crime charged; burden of showing transaction as exempt on defendant. State v. Kershner, 15 Kan. App. 2d 17, 19, 20, 801 P.2d 68 (1990).
9. Statutes authorizing civil actions (K.S.A. 17-1266) and prohibiting sale of unregistered securities (K.S.A. 17-1255) held not unconstitutionally vague. State ex rel. Mays v. Ridenhour, 248 Kan. 919, 920, 811 P.2d 1220 (1991).
10. Exemptions in K.S.A. 17-1262 as affirmative defenses under K.S.A. 17-1272, instructions on violations of act examined. State v. Ribadeneira, 15 Kan. App. 2d 734, 737, 760, 817 P.2d 1105 (1991).
11. Disbarment recommendation based upon conviction hereunder; conviction reflected adversely on fitness as a lawyer resulting in public censure. In re Kershner, 250 Kan. 383, 388, 827 P.2d 1189 (1992).
12. Whether subsection (g) creates a private civil remedy under K.S.A. 17-1268 examined. Kelly v. Primeline Advisory, Inc., 256 Kan. 978, 982, 991, 889 P.2d 130 (1995).
13. Conviction for failing to register as broker/dealer upheld; sufficient evidence to find remuneration paid for soliciting investors. State v. Stuber, 25 Kan. App. 2d 254, 263, 962 P.2d 1104 (1998).