When Is a Note a Security - A Historical Perspective on the Supreme Court's Adoption on the Family Resemblance Test: Reves v. Ernst (and) Young
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Authors
Burleson, Lynn T.
Issue Date
1991
Volume
24
Issue
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
INTRODUCTION|In Reves v. Ernst & Young, the United States Supreme Court dealt with the issue of whether a demand promissory note was a "security" under the provisions of the Securities Exchange Act of 1934. Although this was the Court's first decision involving a note as a security, the Court had explored other aspects of a security and the Securities Acts in previous cases. Without previous Supreme Court guidance, lower federal courts had developed their own tests for determining when a note was a security...
Description
Citation
24 Creighton L. Rev. 371 (1990-1991)
Publisher
Creighton University School of Law