Legal Opinion

Memorial Gardens of Valley, Inc. v. Love

Utah Supreme Court

Decided July 9, 1956No. 8468PublishedCited by 2 opinions

1Opinion of the Court

CROCKETT, Justice.

Memorial Gardens, Inc. owns a-71.5-acre parcel of land in Salt Lake County, Utah which it has dedicated as a cemetery and is engaged in the development, operation and sale of lots therein. M. H. Love, Director of the Securities Commission ruled that it was subject to regulation under the Securities Act.1 Plaintiff brought this action for a declaratory judgment that it was not subject thereto. The District Court refused to so rule; plaintiff appeals.

The sole issue is whether the sale of burial lots in accordance with plaintiff’s plan is a sale of “securities” within the…

2Cases cited10 opinions

  1. People v. JacksonCalifornia Court of Appeal · 1937
  2. Donahue v. Warner Bros. Pictures Distributing Corp.Utah Supreme Court · 1954
  3. In re WaldsteinNew York Supreme Court · 1936
  4. Holloway v. ThompsonIndiana Court of Appeals · 1942
  5. Guaranty Mortgage Co. v. WilcoxUtah Supreme Court · 1923

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3Cited by2 opinions

  1. Anderson v. Utah CountyUtah Supreme Court · 1962
  2. Memorial Gardens of Valley, Inc. v. LoveUtah Supreme Court · 1956

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