Fed. Sec. L. Rep. P 94,597 J. C. Bellah and Wife Fern Bellah v. The First National Bank of Hereford, Hereford, Texas

How courts have described this case

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

• holding that a promissory note and the deed of trust securing it were not securities for purposes of federal securities laws
• explaining that the application of the exclusion “ultimately hinges upon whether the note executed . . . can be characterized as commercial or investment in nature”
• renewal note for bank loan intended to aid borrowers in operation of livestock business
• adopting distinction between “investment” and “commercial” loan

Source: CourtListener parenthetical corpus (CC0).