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WILMAR OIL, INC. v. DIXON

No. 16333.

90 Ill. App.3d 164 (1980)

412 N.E.2d 1139

WILMAR OIL, INC., et al., Plaintiffs-Appellants, v. ALAN J. DIXON, Secretary of State, Defendant-Appellee.

Appellate Court of Illinois — Fourth District.

Rehearing denied December 11, 1980.

Attorney(s) appearing for the Case

Harlan Heller, of Harlan Heller, Ltd., of Mattoon, for appellants.

Tyrone C. Fahner, Attorney General, of Chicago (Karen Konieczny, Assistant Attorney General, of counsel), for appellee.

Judgment affirmed.

Mr. JUSTICE GREEN delivered the opinion of the court:

This case concerns: (1) section 5 of the Illinois Securities Law of 1953 (Ill. Rev. Stat. 1975, ch. 121 1/2, par. 137.5) which requires all nonexempt transactions to be registered with the Secretary of State; (2) section 4H of the Act (Ill. Rev. Stat. 1975, ch. 121 1/2, par. 137.4H) which denies exemption to all transactions involving sales of "fractional undivided interests in an oil...

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