PEOPLE v. SCHOCK

Docket No. AO20015.

152 Cal.App.3d 379 (1984)

199 Cal. Rptr. 327

THE PEOPLE, Plaintiff and Appellant, v. DARRELL M. SCHOCK et al., Defendants and Respondents.

Court of Appeals of California, First District, Division One.

February 24, 1984.


Attorney(s) appearing for the Case

COUNSEL

John J. Meehan, District Attorney, and Greg R. Gibeson, Deputy District Attorney, for Plaintiff and Appellant.

John R. McCardle, Samuel Lawson, Jarvis & McCardle, Arthur L. Pretzer, Simonian & Pretzer, Jules F. Bonjour, Jr., and Bonjour, Gough, Stone & Remer for Defendants and Respondents.


OPINION

RACANELLI, P.J.

In this appeal we consider the novel issue whether a fractional interest in a promissory note and related deed of trust constitutes a nonexempt "security" within the meaning of the Corporate Securities Law of 1968, as amended. (Corp. Code, § 25000 et seq.)1

STATEMENT OF THE CASE

Defendants were charged with a number of violations of section 25110 (unlawful...

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