State v. Allen’s Empirical Analysis

Citation profile

6 state decisions

Most-quoted passages

The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 6 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. “ties emphasize the ‘repeated or successive transactions’ clause in paragraph 3 of § 44-1844 A.R.S. to the exclusion of the second additional reqxxirement that the sales 'are not made directly or indi- rectly for the benefit of the issuer or an underwriter of the securities.’ We believe that the intent of the legislature was that owners who sold their stock in successive and repeated transactions and were also selling for the benefit (directly or indirectly) of the issuer or underwriter were not to be entitled to the exemption granted by § 44 — 1844 A.R.S. . . ."”

   1 later decision quote this exact passage
   e.g. 18 Ariz. App. 478 - Kalav v. Pitt

2. “It was therefore incumbent upon the trial court to not only find that Kalav was making repeated or successive sales of the Rajac stock, but also that such sales were made directly or indirectly for the benefit of the issuer or underwriter of the securities. The terms “issuer” and “underwriter” are defined in A.R.S. §§ 44 — 1801, subsec. 4 and 44-1801, subsec. 14 respectively. Sxxch terms are also defined in 15 U.S.C.A. § 77b. The trial court made no findings of fact which would support a conclusion that appellant Charles Kalav was an”

   1 later decision quote this exact passage
   e.g. 18 Ariz. App. 478 - Kalav v. Pitt

3. ““3. The sale in good faith and not for the purpose of avoiding the provisions of this chapter of securities by the bona fide owner thereof, other than an issuer or underwriter, in an isolated transaction, in which the securities are sold either directly or through a dealer as agent for the owner but where the sales are not made in the course of repeated or successive transactions of similar character by the owner and are not made directly or indirectly for the benefit of the issuer or an underwriter of the securities.””

   1 later decision quote this exact passage
   e.g. 25 Ariz. App. 26 - Butler v. American Asphalt & Contracting Co.