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WELLS v. HILL

No. 5-3643.

396 S.W.2d 946 (1965)

Hugh WELLS et al. Appellants, v. Vance Alvis HILL et al. Appellees.

Supreme Court of Arkansas.

Rehearing Denied January 10, 1966.

Attorney(s) appearing for the Case

Bruce Bennett, Atty. Gen, Little Rock, and Tommy Russell, North Little Rock, for appellants.

Warner, Warner, Ragon & Smith, Fort Smith, for appellees.

HOLT, Justice.

This is an action to enforce liability on certain securities posted in lieu of a corporate surety bond.

On December 21, 1960 the Securities Commissioner of the State of Arkansas duly registered Trustworthy Investment Association, Inc., as a broker-dealer and Aubrey L. Andrews as one of its agents. This authorization expired December 21, 1961 and was not renewed by the Securities Commissioner.

On June 19, 1963 appellee was awarded a default...

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