Supreme Court of Colorado, 2020

The court adopted the family resemblance test for determining whether a note is a security under the Colorado Securities Act and held that Thompson’s promissory note qualified because the transaction was motivated by business financing and investor profit, involved a speculative venture, was presented as an…

The court held that a defendant may not obtain the benefit of amendatory legislation after the conviction has become final if the defendant first sought that benefit only after finality, even when the amendment took effect during the direct appeal.