Download This PaperSecurities Law 101 - Is a Promissory Note a Security Under the Colorado Securities Act?
BFW Attorneys, 2020
6 Pages Posted: 21 Oct 2020
Date Written: October 13, 2020
Abstract
In Thompson v. People (September 2020), the Colorado Supreme Court reversed precedent when it determined to apply the family resemblance test developed by the U.S. Supreme Court in Reves v. Ernst & Young when determining whether a promissory note is a security under Colorado law and therefore subject to the Colorado Securities Act.
Keywords: securities, family resemblance, Reves, promissory notes, Colorado Securities Act
JEL Classification: K2, K22
Suggested Citation: Suggested Citation
Lidstone, Herrick K., Securities Law 101 - Is a Promissory Note a Security Under the Colorado Securities Act? (October 13, 2020). BFW Attorneys, 2020, Available at SSRN: https://ssrn.com/abstract=3710812 or http://dx.doi.org/10.2139/ssrn.3710812
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