TITLE

Are All Promissory Notes Securities Under Missouri Law?

AUTHOR(S)
MANOLOV, ROUMEN
PUB. DATE
November 2012
SOURCE
Journal of the Missouri Bar;Nov/Dec2012, Vol. 68 Issue 6, p332
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses promissory notes with reference to a court case Reves v. Ernst & Young. It mentions that the U.S. Supreme Court made an analysis in Reves case and stated that the promissory note resembles securities in terms of four factors. It states that implementation of Reves' family resemblance test would be incompatible with the Missouri Securities Act of 2003 (MSA) because in MSA notes offered and sold with a mortgage are securities.
ACCESSION #
84593226

 

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