Grace Nichols, Single v. E. W. Yandre, Asher Peter and A. N. Goodwin, and Florida Park Cemetery Company, a Florida…

Summary

The Supreme Court of Florida upheld the constitutionality of the Uniform Sale of Securities Act's Section 16, found the plaintiff's complaint insufficient to allege personal participation by directors Yandre and Goodwin, and held that Section 5 of a later statute did not repeal Section 16 but merely added cumulative remedies. The court affirmed the lower court's dismissal of the directors and reversed only the portion concerning the repeal issue.