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KASS v. H. B. SHAINE & CO.

Docket No. 24044.

71 Mich. App. 101 (1976)

246 N.W.2d 396

KASS v. H.B. SHAINE & COMPANY, INC.

Michigan Court of Appeals.

Decided September 7, 1976.

Attorney(s) appearing for the Case

Parmenter, Forsythe & Rude (by Steven G. Schember), for plaintiff.

Hillman, Baxter & Hammond (by Douglas W. Hillman and Michael D. Wade), for defendants.

Before: DANHOF, C.J., and D.E. HOLBROOK and D.L. MUNRO, JJ.

D.E. HOLBROOK, J.

Defendant H.B. Shaine and Company, Inc., is a broker-dealer of securities whose main office is located in Grand Rapids, Michigan. On August 11, 1969, defendant sold in Michigan 100 shares of common stock in Performance Systems, Inc., to Ronald K. Kass, custodian for Ronald L. Kass, a minor, under the Uniform Gift to Minors Act, MCLA 554.451 et seq.; MSA 27.3178(241.21) et seq., for the sum of $750. During 1969 defendant sold in Michigan...

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