Blue sky law
Defined in 2 dictionaries — Ballentine's (1916), Bouvier (1914)
Ballentine's Law Dictionary
James A. Ballentine · 1916
A statute for the regulation of investment companies.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
A popular name for acts providing for the regulation and supervision of investment companies, for the protection of the community from investing in fraudulent companies. The first of these acts was passed in Kansas (1911). Some twenty states have passed them. Such act was held valid in a lower court in Kansas, and invalid in Alabama & N. O. Transp. Co. v. Doyle, 210 Fed. 173 (Michigan act).