State Ex Rel. Kerr Hull Co. v. Department of Commerce
Cited by
- Metropolitan Airports Commission v. Noble 763 N.W.2d 639 Minn. 2009
- Naegele Outdoor Advertising Co. of Minneapolis v. City of Lakeville 532 N.W.2d 249 Minn. Ct. App. 1995
- In re the Registration of DiVall Insured Income Properties 2 Ltd. Partnership 445 N.W.2d 856 Minn. Ct. App. 1989
- City of Rochester v. Northwestern Bell Telephone Co. 431 N.W.2d 874 Minn. Ct. App. 1988
- State Ex Rel. Humphrey v. Card 413 N.W.2d 577 Minn. Ct. App. 1987
- County of Hennepin v. Holt 207 N.W.2d 723 Minn. 1973
- Naegele Outdoor Advertising Co. of Minnesota, Inc. v. Village of Minnetonka 162 N.W.2d 206 Minn. 1968
- In Re Site for Library 254 Minn. 358 Minn. 1959
- Korengold v. City of Minneapolis 95 N.W.2d 112 Minn. 1959
- Independent-Consolidated School District No. 27 v. Waldron 63 N.W.2d 555 Minn. 1954
- Seabloom v. Krier 18 N.W.2d 88 Minn. 1945
- Siggelkow v. Arnold 245 N.W. 629 Minn. 1932
Authorities cited
Identified automatically; this list may not be exhaustive.
Opinion text
PER CURIAM. Certiorari to review an order of the department, of commerce, securities division, denying the application of relator to register for sale 5,000 units represented by certificates issued by the West Coast Timber Corporation, herein referred to-as the company, at $4 per unit. The company owned land in Oregon. It deeded these lands to the Security Trust Company of Spokane in trust. The vice president of the company is the president of the trustee. The trustee is to hold the timber so deeded to it for the benefit of the persons to whom the company sells units. Certificates evidencing these units are to be issued by the company as sold. Each unit represents ■ an interest in the property held in trust in proportion or ratio that the number of units represented by the certificate bears to the total number of units of ownership in the properties, there being one unit for each 1,000 feet of standing merchantable timber as indicated by the cruiser’s report filed with the trustee. Under the plan the investor has no voice in the selection of the trustee nor in the management. There is room for difference of opinion as to whether such a plan might work a fraud upon the investor. It seems to be an untried plan. The securities division of the department of bommeree granted a rehearing to the applicant and has obviously given the matter thorough consideration. We cannot say that its conclusion is without support in the evidence. The record does not disclose arbitrary, oppressive or unreasonable conduct on the part of the commission. Affirmed.