Plains Electric Generation & Transmission Cooperative v. New Mexico Public Utility Commission

How courts have described this case

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

• declining to adopt a definition of “security” which would “include all contractual obligations to pay in the future for consideration presently received” ... because such a definition “would transform all loan agreements into securities” under Section 62-3-3
• agreeing with Cocklereece and LTV criticisms of Austin definition

Source: CourtListener parenthetical corpus (CC0).