Summary

JurisdictionWashington

Chapter Details

Summary
§15.1 Introduction
§15.2 Definition of a Security
(1) Significance of Being a Security
(2) Federal Definition
(3) Washington Definition
(a) The Investment Contract Test
(b) The Risk Capital Test
§15.3 Specific Applications of the Definition of Security to Real Estate Transactions
(1) Sales of Lots
(2) Home Mortgage Notes and Commercial Real Estate Loans
(3) Coownership and Timesharing of Residences Condominiums, Rental, and Other Investment Properties
(4) General Partnerships and Joint Venture Interests
(5) Limited Partnerships
(6) Limited Liability Companies
§15.4 Regulation of Securities Issuances Under Federal Law
(1) Registration of Securities
(2) Exemptions from
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