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GRAHAM v. KANE

No. 78-176.

576 S.W.2d 711 (1979)

G. Grimsley GRAHAM, Appellant, v. David KANE et al., Appellees.

Supreme Court of Arkansas, Division 1.

Rehearing Denied March 5, 1979.

Attorney(s) appearing for the Case

Wright, Lindsey & Jennings, Little Rock, for appellant.

Friday, Eldredge & Clark, Little Rock, for appellees.

Harvey L. Bell, Securities Commissioner, Little Rock, amicus curiae brief.

PURTLE, Justice.

This case involves the sale of two units of a limited partnership in a project known as the Walker Springs, which is located in Knoxville, Tennessee. The appellee was a broker and dealer in securities in several states, including Arkansas. The Walker Springs project was not registered with the Securities Department in Arkansas or Tennessee; neither had there been an exemption from registration or a request for such exemption. In the latter part of...

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