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REDHOUSE v. PREFERRED PROPERTIES

A8507-04400; CA A41708.

743 P.2d 1125 (1987)

87 Or.App. 673

John REDHOUSE, Jr., Respondent, v. PREFERRED PROPERTIES, a Texas Corporation, B.J. Fowler, and Glenn Alexander, Appellants.

Court of Appeals of Oregon.

Decided October 14, 1987.

Attorney(s) appearing for the Case

Michael Mosman, Portland, argued the cause for appellants. On the briefs were Miller, Nash, Wiener, Hager & Carlsen, Portland, Peter C. Richter, Portland, and Melinda S. Eden, Portland.

Lois O. Rosenbaum, Portland, argued the cause for respondent. With her on the brief were Joseph D. Cohen, Portland, and Stoel, Rives, Boley, Fraser & Wyse, Portland.

VAN HOOMISSEN, Judge.

This is an action to recover money invested in a real estate limited partnership organized by defendant Preferred Properties.1 The issue is whether the sale of the security was an isolated transaction and, therefore, exempt from the requirement that all securities sold in Oregon be registered. See ORS 59.055. On cross-motions for summary judgment, the trial court granted plaintiff's motion. We affirm.

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