Legal Opinion
McClellan v. Sundholm
Washington Supreme Court
Decided January 19, 1978No. 44620PublishedCited by 31 opinions
1Opinion of the CourtHorowitz, J.
This appeal raises the question whether a scheme for the sale of silver bullion for investment purposes involves the sale of a security which must be registered under Washington's securities act. Sale of an unregistered security is unlawful under RCW 21.20.140 and subjects the seller to civil liabilities under RCW 21.20-.430(1). We hold that the silver purchase scheme in this case was a scheme for the sale of a security within the meaning of the securities act, and the seller of the unregistered purchase agreement, respondents here, is liable to appellant purchaser under the provisions of RCW…
2Cases cited10 opinions
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- 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 94,710 Securities and Exchange Commission v. Koscot Interplanetary, Inc.Court of Appeals for the Fifth Circuit · 1974
- State v. Gopher Tire & Rubber Co.Supreme Court of Minnesota · 1920
5 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Haberman v. Washington Public Power Supply SystemWashington Supreme Court · 1988
- FutureSelect Portfolio Management, Inc. v. Tremont Group Holdings, Inc.Washington Supreme Court · 2014
- Hines v. Data Line Systems, Inc.Washington Supreme Court · 1990
- Hentzner v. StateAlaska Supreme Court · 1980
- Fed. Sec. L. Rep. P 98,445 Kenneth N. Nelson v. O. E. Serwold and Helen Serwold, His WifeCourt of Appeals for the Ninth Circuit · 1982
26 more not listed; retrieve them via the Exa API.