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CARDER v. BURROW

No. 96-828.

940 S.W.2d 429 (1997)

327 Ark. 545

Frank CARDER, Appellant, v. Bruce BURROW, Appellee.

Supreme Court of Arkansas.

March 17, 1997.

Attorney(s) appearing for the Case

Richard F. Hatfield, Little Rock, for appellant.

Herbert C. Rule, III, Kathryn Bennett Perkins, Little Rock, for appellee.

ARNOLD, Chief Justice.

This case involves the question of whether a transaction between Appellant Frank Carder and Corporate Furnishings, Inc. (of which Appellee Bruce Burrow was an organizer and president), is a security within the definition in the Arkansas Securities Act, Ark.Code Ann. § 23-42-102(12)(a) (1994 & Supp. 1995). Appellant Carder filed suit claiming that the transaction was an unauthorized sale of a security, and, thus, he was entitled to recovery...

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