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PAC. AMER. REALTY TRUST v. LONCTOT

No. 36674.

62 Wn.2d 91 (1963)

381 P.2d 123

PACIFIC AMERICAN REALTY TRUST, Respondent, v. BERNARD G. LONCTOT, Administrator of Securities Division, Department of Licenses, Appellant.

The Supreme Court of Washington, En Banc.

May 2, 1963.

Attorney(s) appearing for the Case

The Attorney General, Charles I. McClure and Philip H. Austin, Assistants, for appellant.

Broz, Long & Mikkelborg, Jeremiah M. Long, and Richard F. Broz, for respondent.

Evans, McLaren, Lane, Powell & Moss and Bogle, Bogle & Gates, amici curiae.

WEAVER, J.

Plaintiff (respondent), Pacific American Realty Trust, is a real estate investment trust organized under the laws of the commonwealth of Massachusetts. This type of trust is frequently termed a business or Massachusetts trust.

July 3, 1962, the director of the Department of Licenses entered an order denying plaintiff the right to offer for sale, or to sell, its securities in the state of Washington,

"... for the reason that the applicant...

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