Other
An Introduction to the Federal Securities Laws As They Might Apply to Agricultural Operations
(2002)
Abstract
This article is intended to provide an overview of some of the ways in which federal law might impact the sale of “securities” by those in an agricultural enterprise. While there are occasional references to state securities laws, this article does not purport to address the myriad ways in which the various states have chosen to regulate the sale of securities. A generic article of the kind that this is intended to be would likely do more harm than good, because there is so much variation from state to state, both in terms of what is considered to be a security and what kinds of transactions might be exempt from state-imposed registration requirements. In fact, even the registration requirements imposed by the states vary considerably, and once it is understood that a particular transaction implicates the federal securities laws, it is probably good advice as a general matter to check the state law of every state where potential purchasers reside to make sure that a proposed transaction will not be illegal under state law. Information on the federal securities laws contained in this article is not intended as a substitute for the individualized advice available from experienced securities counsel.
Disciplines
Publication Date
Spring 2002
DOI
The National Agricultural Law Center
Citation Information
Carol Goforth. "An Introduction to the Federal Securities Laws As They Might Apply to Agricultural Operations" (2002) Available at: http://works.bepress.com/carol_goforth/12/