GROUP SECURITIES, INC. v. CARPENTIER

Gen. No. 47,437.

19 Ill. App.2d 513 (1958)

154 N.E.2d 837

Group Securities, Inc., Appellee, v. Charles F. Carpentier, Secretary of State, State of Illinois, Appellant.

Appellate Court of Illinois — First District, First Division.

Rehearing denied January 5, 1959.

Released for publication January 23, 1959.


Attorney(s) appearing for the Case

Latham Castle, Attorney General of the State of Illinois (Theodore W. Grippo, Special Assistant Attorney General, of counsel) for defendant-appellant.

Pope & Ballard, of Chicago (Thomas C. Strachan, Jr., W. McNeil Kennedy, Willis S. Ryza, of Chicago, Putney, Twombly, Hall & Skidmore, of New York, of counsel) for plaintiff-appellee.


PRESIDING JUSTICE McCORMICK delivered the opinion of the court.

The plaintiff under the provisions of the Illinois Securities Law of 1953 (Ill. Rev. Stat. 1955, chap. 121 1/2, §§ 137.1-137.19) filed an application with the office of the Secretary of State for the registration of 21 classes of investment fund shares including two classes of shares known as the General Bond Fund and the Fully Administered Fund. A hearing was held to determine whether the application...

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