STATE v. EISBACH


263 Wis. 554 (1953)

STATE, Plaintiff, vs. EISBACH, Defendant.

Supreme Court of Wisconsin.

March 31, 1953.


Attorney(s) appearing for the Case

For the plaintiff there was a brief by the Attorney General and William A. Platz, assistant attorney general, and William J. McCauley, district attorney of Milwaukee county, and Joseph E. Tierney, deputy district attorney, and oral argument by Mr. Platz.

For the defendant there was a brief and oral argument by Francis H. Reiske of Milwaukee.


MARTIN, J.

Sec. 189.07, Stats., provides:

"Subject to section 189.11, the following transactions may be consummated without registration of the security under section 189.13:

"(1) (a) The sale by a domestic corporation of its securities if the aggregate number of holders of all its securities, after the securities to be issued are sold, does not exceed 15, . . ."

Sec. 189.19 (2), Stats., provides:

"Every director, officer, agent, or...

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