People v. Ramjattan

How courts have described this case

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

• holding that stock in a housing cooperative that entitled the owner to the use of an apartment, but not to any cash return, was not a security
• deciding that \stock\ issued by a housing cooperative as a prerequisites to renting a unit was not a security under the Act
• holding that housing transaction evidenced by shares called “stock” did not by that choice of nomenclature fall within securities law definition of “stock”
• holding that stock in a housing cooperative that entitled the owner to the use of an apartment, but not to any cash return, was not a security
• stating that mere \risk of insolvency ... `differ[s] vastly' from the kind of risk of `fluctuating' value associated with securities investments\
• holding that homebuyers in a cooperative housing project were not parties to an investment contract where buyers “were attracted solely by the prospect of acquiring a place to live, and not by financial returns on their investments”

Source: CourtListener parenthetical corpus (CC0).