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SALZBRENNER v. BECKHAM

No. 2-85-0577.

145 Ill. App.3d 941 (1986)

496 N.E.2d 354

ROBERT SALZBRENNER et al., Plaintiffs-Appellants, v. DWIGHT BECKHAM et al., Defendants-Appellees.

Appellate Court of Illinois — Second District.

Opinion filed July 30, 1986.

Attorney(s) appearing for the Case

Claude W. Tupy and Janis M. Tupy, both of Tupy & Tupy, Ltd., of DeKalb, for appellants.

James L. Proffitt, of Fribley & Proffitt, of Pana, and William E. Gottfred, of Reese, Reese & Bagley, of Rockford, for appellees.

Reversed and remanded.

JUSTICE UNVERZAGT delivered the opinion of the court:

Plaintiffs appeal from an order entered by the circuit court of Winnebago County dismissing their amended complaint for rescission of a contract involving the sale of certain securities. The issue to be resolved is whether amendments to the Illinois Securities Law of 1953 (Ill. Rev. Stat. 1981, ch. 121 1/2, par. 137.1 et seq.) that became effective after the contract for sale...

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