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STATE v. INVESTORS SECURITY CORPORATION

No. 43425.

209 N.W.2d 405 (1973)

STATE of Minnesota, by the Attorney General, Warren R. Spannaus, et al., Respondents, v. INVESTORS SECURITY CORPORATION, et al., Appellants.

Supreme Court of Minnesota.

June 13, 1973.

Attorney(s) appearing for the Case

Russell J. Jensen, St. Paul, for appellants.

Warren Spannaus, Atty. Gen., Curtis D. Forslund, Sol. Gen., Thomas B. Sedgwick, Sp. Asst. Atty. Gen., St. Paul, for respondents.

Heard and considered en banc.

OPINION

PETERSON, Justice.

Defendants, Investors Security Corporation and associated personnel, appeal from an order entered by the district court, upon application of the State of Minnesota, which among other proscriptions permanently enjoins them from selling certain unregistered securities in this state. The sole issue we need decide is whether those securities are, as the district court found,

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