Legal Opinion

Greater Ministries International, Inc. v. State

District Court of Appeal of Florida

Decided February 5, 1997No. 96-01964Published

1Opinion of the Court

PATTERSON, Judge.

The appellants, Greater Ministries International, Inc. (Greater Ministries), Gerald R. Payne and Betty L. Payne, challenge the trial court’s temporary injunction which prohibits them from obtaining contributions to their organization on the basis that the “pledge agreement” constitutes an unregistered security. We affirm the injunction as to the “Double Your Money” and the “Double Your Blessings” programs and we reverse as to the “Faith Promises” program.

Greater Ministries is a nonprofit corporation organized for religious and educational purposes under chapter 617, Florida…

2Cases cited4 opinions

  1. Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
  2. Farag v. Nat. Databank Sub., Inc.District Court of Appeal of Florida · 1984
  3. Adams v. StateDistrict Court of Appeal of Florida · 1983
  4. State, Dept. of Legal Affairs v. JacksonDistrict Court of Appeal of Florida · 1991

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