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RAYMOND LEE ORGANIZATION v. DIVISION OF SECURITIES

No. C-830.

556 P.2d 1209 (1976)

The RAYMOND LEE ORGANIZATION, INC., a New York Corporation, Petitioner, v. DIVISION OF SECURITIES et al., Respondents.

Supreme Court of Colorado, En Banc.

Rehearing Denied December 27, 1976.

Attorney(s) appearing for the Case

Holme, Roberts & Owen, Donald K. Bain, Paul A. Jacobs, Omer L. Griffin, Denver, Eaton, Van Winkle & Greenspoon, New York City, for petitioner.

J. D. MacFarlane, Atty. Gen., Jean E. Dubofsky, Deputy Atty. Gen., Denver, Edward G. Donovan, Sol. Gen., Harry N. MacLean, First Asst. Atty. Gen., Denver, for respondents.

Norman G. Axe, Beverly Hills, Cal., for amici curiae.

GROVES, Justice.

This is on certiorari to the Colorado Court of Appeals to review the decision under the same title to be found in Colo. App., 543 P.2d 75 (1975). The petitioner (The Raymond Lee Organization, Inc.) solicited inventors to enter into contracts, which were of three types. The Colorado Securities Commissioner determined that each type of contract was an "investment contract" and, as such, was a "security," within the...

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