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ANZAI v. KAWAI

No. 4651.

441 P.2d 345 (1968)

Harry ANZAI, Dr. Alfred Burden, Danny Fong, Toshio Fujimoto, Henry Haitsuka, Jerry Hirai, Roy Hirose, Masao Sasada, Harold Shim, Masato Tsutsumi and Fred Yamashige, v. Yoshio KAWAI, Bert R. Gardner, Aloha Leasing and Factoring, Inc., a Hawaii corporation, and Securities Underwriters, Inc., a Hawaii corporation.

Supreme Court of Hawaii.

Rehearing Denied July 12, 1968.

Attorney(s) appearing for the Case

R.G. Dodge, Honolulu, (Heen, Kai & Dodge, Honolulu, of counsel), for appellants.

William F. Crockett, Wailuku, (Crockett & Langa, Wailuku, of counsel), for appellees.

Smith, Wild, Beebe & Cades, Honolulu, (J. Russell Cades and C. Frederick Schutte, Honolulu, on the briefs), amicus curiae.

Before RICHARDSON, C.J., and MIZUHA, MARUMOTO, ABE and LEVINSON, JJ.

MARUMOTO, Justice.

The question for decision on this appeal is the scope of exemption provided in R.L.H. 1955, 1965 Supp., § 199-5(j), from the other provisions of R.L.H. 1955, 1965 Supp., c. 199, which regulates sales of securities in Hawaii.

R.L.H. 1955, 1965 Supp., c. 199, which will hereafter be referred to as the amended securities act, is a compilation of the provisions of Act 314 of the Session Laws of 1957, which replaced the securities act originally...

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