STATE v. LAKE HILLS

No. 9695.

14 Utah 2d 14 (1962)

376 P.2d 540

STATE OF UTAH, FOR AND ON BEHALF OF THE UTAH STATE SECURITIES COMMISSION, PLAINTIFF AND RESPONDENT, v. LAKE HILLS, A UTAH CORPORATION, DEFENDANT AND APPELLANT.

Supreme Court of Utah.

November 29, 1962.


Attorney(s) appearing for the Case

Backman, Backman & Clark, Salt Lake City, for appellant.

A. Pratt Kesler, Raymond W. Gee, Salt Lake City, for respondent.


HENRIOD, Justice.

Appeal from an injunction against an incorporated cemetery association's proposed public offering of its debentures without registering them as securities under Title 61-1-4, Utah Code Annotated 1953. Affirmed. No costs awarded.

The debentures are simple promissory notes bearing 6% interest. Title 61-1-4 prohibits public offering, without registration, of "any note, stock, treasury stock, bond, debenture or evidence of indebtedness * * *...

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