Sec. 53-313. "Bucket shop"; definition.
Sec. 53-313. "Bucket shop"; definition. A bucket shop, within the meaning of
this section and section 53-314, is defined to be an office, store or other place wherein
the proprietor or keeper thereof, either in his or its own behalf, or as the agent or correspondent of any other person, corporation, association or copartnership within or without
the state, conducts the business of making or offering to make contracts, agreements,
trades or transactions respecting the purchase or sale or purchase and sale of any stocks,
grain, provisions or other commodity or personal property, wherein both parties thereto,
or such proprietor or keeper, contemplates or intends that such contracts, agreements,
trades or transactions shall be or may be closed, adjusted or settled according to, or
upon the basis of, the public market quotations of prices made on any board of trade
or exchange upon which the commodities or securities referred to in such contracts,
agreements, trades or transactions are dealt in, and without a bona fide transaction on
such board of trade or exchange; or wherein both parties, or such keeper or proprietor,
contemplate or intend that such contracts, agreements, trades or transactions shall be,
or may be deemed, closed or terminated when the public market quotations of prices
made on such board of trade or exchange for the articles or securities named in such
contracts, agreements, trades or transactions reach a certain figure; also, any office, store
or other place in which the keeper or proprietor thereof, either in his or its own behalf,
or as an agent as aforesaid, makes or offers to make, whether such offer is accepted or
not, contracts, trades or transactions with others for the purchase or sale of any such
commodity, wherein the parties thereto do not contemplate the actual or bona fide receipt
or delivery of such property, but contemplate a settlement thereof based upon differences
in the price at which such property is claimed to be bought and sold.
(1949 Rev., S. 8614.)