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A Bill to Prevent Fraud in the Sale And Disposition of Stocks Bonds Notes Con

Cover A Bill to Prevent Fraud in the Sale And Disposition of Stocks Bonds Notes Con
A Bill to Prevent Fraud in the Sale And Disposition of Stocks Bonds Notes Con
Statutes West Virginia Laws
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Any person or persons mentioned in section six of 2 this act, shall keep proper records and books of acounts in a t)usi- S. B. No. 172] 15 3 ness like and intelligent manner, which shall be open to the in- 4 pection of stockholders and investors in their stocks or securities.
Sec. 15. Whenever it shall appear to the auditor that any per- 2son or persons who have complied with the provisions of this act 3 are insolvent, or are conducting their business in such manner as 4 to jeopardize the inter
...ests of creditors or investors, or whenever 5 they shall fail, neglect or refuse to file any circulars, papers, state- 6 ments, prospectuses, documents or other advertising matter or re- 7 ports, or to pay any of the fees required or provided for by this act, 8 without satisfactory reason therefor, the auditor may report the 9 facts to the attorney general, or to the prosecuting attorney hav- 10 ing judisriction, who shall at once make an investigation of the 11 case and institute such proceedings in law or in equity in the name 12 of the state, in any circuit court having jurisdiction as may be 13 appropriate to enforce the provisions of this act, and to protect 14 the interests of stock and bondholders and other creditors and in- 15 vestors.

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