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BUEHL v. DAYSON

No. 5-83-0438.

127 Ill. App.3d 958 (1984)

469 N.E.2d 403

FREDERICK H. BUEHL et al., Plaintiffs-Appellants, v. LOUIE O. DAYSON et al., Defendants-Appellees (Linda Dayson et al., Defendants).

Appellate Court of Illinois — Fifth District.

Opinion filed September 27, 1984.

Attorney(s) appearing for the Case

Paul A. Croegaert and John A. Clark, both of Croegaert, Clark & McLaughlin, Ltd., of Olney, for appellants.

Brent D. Holmes, of Harlan Heller, Ltd., of Mattoon, for appellee M.L. Rich.

Guy E. McGaughey, Jr., of McGaughey & McGaughey, of Lawrenceville (Roscoe D. Cunningham and Charles R. Vaughn, of counsel), for appellee Louie O. Dayson.

Judgment affirmed.

PRESIDING JUSTICE WELCH delivered the opinion of the court:

Section 13(A) of the Illinois Securities Law of 1953 (Ill. Rev. Stat. 1983, ch. 121 1/2, par. 137.13(A)) allows a purchaser of securities to rescind any sale made in violation of that law. Notice of the election to rescind must be given to each person from whom recovery will be sought "within 6 months after the purchaser shall have knowledge that the sale of securities to him is...

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