Printable Format17-1267.
History: L. 1957, ch. 145, § 16; L. 1979, ch. 61, § 5; L. 1982, ch. 98, § 9; L. 1990, ch. 83, § 1; L. 1992, ch. 321, § 19; L. 1993, ch. 291, § 12; L. 1994, ch. 291, § 18; L. 1995, ch. 251, § 8; Repealed, L. 2004, ch. 154, § 65; July 1, 2005.
CASE ANNOTATIONS
1. Term "willfully" means intent to do the act denounced by the statute; section does not violate due process; arbitrary power not vested in commissioner to prosecute violations of securities act; attorney general and county attorneys also given power to prosecute. State v. Hodge, 204 Kan. 98, 109, 460 P.2d 596.
2. Sale of unregistered securities and failure to register; new trial ordered on convictions under K.S.A. 17-1253; trial court erred in instructing jury and in restricting cross-examination; appellate court may consider issues not raised at trial or on appeal where necessary to serve interests of justice or prevent denial of fundamental rights. State v. Puckett, 6 Kan. App. 2d 688, 689, 696, 697, 699, 634 P.2d 144 (1981); aff'd, 230 Kan. 596, 597, 640 P.2d 1198 (1981).
3. 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, 615, 621, 722 P.2d 1081 (1986).
4. Proof of specific intent not required to sustain convictions; term "willfully" defined. State v. Kershner, 15 Kan. App. 2d 17, 801 P.2d 68 (1990).
5. 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, 934, 811 P.2d 1220 (1991).