Section 2

Citation: Section 2
Parent Document: United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
Jurisdiction: United States (federal)
Effective Date: 1975-10-06
Original Source: https://www.courtlistener.com/opinion/109272/united-housing-foundation-inc-v-forman/ ↗

Other Sections in This Document (195)

United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
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Full Text

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We reject at the outset any suggestion that the present transaction, evidenced by the sale of shares called “stock,”13 must be considered a security transaction simply because the statutory definition of a security includes the words “any . . . stock.” Rather we adhere to the basic principle that has guided all of the Court’s decisions in this area: