State ex rel. Attorney General v. Tontine Insurance , 62 Ohio St. (N.S.) 428 ( 1900 )

By the Court :

The contracts or bonds delivered by these companies to persons who pay to them the contemplated installments are not contracts of sale in the view of commercial law. In one case the price to be paid is contingent, and in both the payer shares in the operating expenses of the corporation. The companies within the terms of the statute.

■ Judgment of ouster.