Chris McIvor

Blog Bite: Are promissory notes considered securities?

May 15, 2018

This article Canada: Welcome to the Family: Promissory notes under the Securities Act discusses an Ontario Court of Justice decision which dealt with the definition and interpretation of “security” under the Securities Act, R.S.O. 1990, c. S.5. The court considered the U.S. Supreme Court test of “family resemblance” in distinguishing which promissory notes are securities or other instruments.

Certain articles within this post were linked and referenced with the permission of Mondaq.com, through our exciting content collaboration with them. To access Mondaq’s large database of articles written by top law firm lawyers from around the world, you must leave our site and create a free account on theirs.

Promissory Note

Written by Chris.