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CENTRAL INVESTMENTS, INC. v. POLK

No. 5-3509.

388 S.W.2d 381 (1965)

CENTRAL INVESTMENTS, INC., et al., Appellants, v. Norman POLK and Kay Polk, Appellees.

Supreme Court of Arkansas.

Rehearing Denied April 19, 1965.

Attorney(s) appearing for the Case

Shackleford & Shackleford, El Dorado, for appellants.

Paul K. Roberts, Warren, for appellees.

ROBINSON, Justice.

On December 29, 1961, this suit was filed in the Bradley Circuit Court by appellees, Norman and Kay Polk, to recover $1,000 paid to the defendants as the purchase price of certain corporate stock. The suit was brought under provisions of the Securities Act of 1959, Ark.Stat.Ann. § 67-1256 (1947). Paragraph (e) of this section provides: "No person may sue under this section more than two [2] years after the contract of sale. * * *"

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