Legal Opinion
State Ex Rel. Commissioner of Securities v. Hawaii Market Center, Inc.
Hawaii Supreme Court
Decided May 20, 1971No. 4958PublishedCited by 72 opinions
1Opinion of the Court
OPINION’ OP THE COURT BY
LEVINSON, J.
The legal issue presented by this case is whether the “Founder-Member Purchasing Contract Agreements” issued by Hawaii Market Center, Inc., one of the appellants, constitute securities within the meaning of the Hawaii Uniform Securities Act (Modified), HRS § 485-1 (12 ). An affirmative answer to this question would bring into operation the registration requirements of HRS § 485-8. Before determining the nature of these agreements it is first necessary to delineate clearly the economic relationship existing between Hawaii Market Center, Inc. and persons who…
2Cases cited12 opinions
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Securities & Exchange Commission v. C. M. Joiner Leasing Corp.Supreme Court of the United States · 1943
- D. H. Roe and Stratoray Oil, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1961
- State v. Gopher Tire & Rubber Co.Supreme Court of Minnesota · 1920
- State v. TexeiraHawaii Supreme Court · 1967
7 more not listed; retrieve them via the Exa API.
3Cited by72 opinions
- Fed. Sec. L. Rep. P 93,748 Securities and Exchange Commission v. Glenn W. Turner Enterprises, Inc.Court of Appeals for the Ninth Circuit · 1973
- Fed. Sec. L. Rep. P 95,351 Billie Jean Woodward v. Metro Bank of DallasCourt of Appeals for the Fifth Circuit · 1975
- John L. LINO, Appellant in No. 72-1672, v. CITY INVESTING CO., a Corporation, Appellant in No. 72-1673Court of Appeals for the Third Circuit · 1973
- Lowery v. Ford Hill Investment Co.Supreme Court of Colorado · 1976
- United California Bank v. THC Financial Corp.Court of Appeals for the Ninth Circuit · 1977
67 more not listed; retrieve them via the Exa API.