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MONARCH COMPANY INC. v. WEIS

33959.

86 Ga. App. 7 (1952)

70 S.E.2d 600

MONARCH COMPANY INC. v. WEIS et al.

Court of Appeals of Georgia.

Decided April 11, 1952.

Attorney(s) appearing for the Case

Lipschutz, Macey & Franklin, for plaintiff in error.

Dunaway, Howard & Embry, contra.

FELTON, J.

Code § 97-102 defines a "dealer" as used in Title 97 of the Code as one "who deals in futures or differences in market quotations of prices or values of securities or accepts margins on purchases or sales or pretended purchases or sales of securities." (Emphasis supplied.) Therefore, one who deals in commodity futures such as cotton futures is not a dealer in securities as defined by Code § 97-102, and is not required to be licensed...

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