HOLMBERG v. MARSDEN

Docket No. S.F. 18645.

39 Cal.2d 592 (1952)

248 P.2d 417

NORMAN J. HOLMBERG, Appellant v. ROBERT G. MARSDEN et al., Respondents.

Supreme Court of California. In Bank.

October 7, 1952.


Attorney(s) appearing for the Case

Desmond N. Bonnington for Appellant.

James W. Harvey and Dorothy E. Handy for Respondents.


SCHAUER, J.

Plaintiff seeks to recover from defendants $5,000 furnished by plaintiff for a one-third interest in a business enterprise. He claims that payment of his money into the business before a permit had been secured for issuance of his one-third share of stock in a corporation which all parties agreed was to be formed, constituted a sale by defendants of securities in violation of the Corporate Securities Act (see Corp. Code, § 25000 et seq.) Judgment...

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