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STATE v. WALTERS

No. 48156.

58 N.W.2d 4 (1953)

STATE v. WALTERS.

Supreme Court of Iowa.

April 8, 1953.

Attorney(s) appearing for the Case

C. E. Walters, pro se.

Robert L. Larson, Atty. Gen. of Iowa, Raphael R. R. Dvorak, Asst. Atty. Gen. and John N. Calhoun, County Atty. of Des Moines County, Burlington, for appellee.

BLISS, Justice.

Chapter 502 of the 1950 Code of Iowa, I.C.A., is entitled, and known as, "Iowa Securities Law". Its administration is vested in the Commissioner of Insurance for the State of Iowa.

Section 502.3 of the chapter provides: "Definitions. When used in this chapter the following terms shall, unless the text otherwise indicates, have the following respective meanings: 1. `Security' shall include any note,...

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