624.70 DUTY OF COMMISSION MERCHANTS AND BROKERS.
It shall be the duty of every commission merchant, copartnership, association, corporation,
or broker, doing business as such, to furnish to every customer or principal for whom such
commission merchant, broker, copartnership, corporation, or association has executed any order,
for the actual purchase or sale of any stocks, grain, provisions, or other commodities, or personal
property, either for immediate or future delivery, a written statement containing the names of the
parties from whom such property was bought, or to whom it shall have been sold, as the case
may be, the time when, the place where, and the price at which the same was either bought or
sold; and, in case such commission merchant, broker, copartnership, corporation, or association
fails to properly furnish such statement, the fact of such failure shall be prima facie evidence that
such property was not sold or bought in a legitimate manner.
History: (10491) 1905 c 133 s 4; 1965 c 45 s 69