Chris McIvor

Blog Bite: Are promissory notes considered securities?

May 15, 2018

This article posted on our partner site 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.

Promissory Note

Written by Chris.