Eastside Church of Christ v. National Plan, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that issuer of bonds sold by unregistered broker was within the class of persons meant to be protected by Section 15(a)'s registration requirements
• determining that defendant was a dealer under the explicit terms of the Exchange Act because defendant purchased church bonds “for its own account as part of its regular business and sold some of them”
• determining that defendant was a dealer under the explicit terms of the Exchange Act because defendant purchased church bonds “for its own account as part of its regular business and sold some of them”
• concluding, without making finding of scienter, that the defendant violated Section 15(a)(1)
• finding defendant a dealer because it “purchased many 5 church bonds prior to the ones in question for its own account as a part of its regular business and 6 sold some of them”
• voiding contract for violation of Investment Company Act of 1940

Source: CourtListener parenthetical corpus (CC0).