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POLARIS INTERN. METALS v. ARIZ. CORP. COM'N

No. 15830.

133 Ariz. 500 (1982)

652 P.2d 1023

POLARIS INTERNATIONAL METALS CORPORATION, a corporation; James Concannon, Plaintiffs-Appellants, v. The ARIZONA CORPORATION COMMISSION; Bud Tims, Stan Akers and Jim Weeks, individually and as members of the Arizona Corporation Commission; and Matthew J. Zale, individually and in his capacity as Director of Securities of the Arizona Corporation Commission, Defendants-Appellees.

Supreme Court of Arizona, In Division.

Rehearing Denied November 2, 1982.

Attorney(s) appearing for the Case

Richard L. Keefe, Walter J. Grace, III, Norris L. Ganson, Tucson, for plaintiffs-appellants.

Robert K. Corbin, Atty. Gen., Patrick M. Murphy, Chief Counsel, John C. Dutton, Jr., Asst. Atty. Gen., Financial Fraud Div., Phoenix, for defendants-appellees.

GORDON, Vice Chief Justice:

Polaris International Metals Corporation [Polaris] and James Concannon, President of Polaris, filed a declaratory judgment action against appellees. The purpose of the action was to: (1) void the Arizona Corporation Commission's [the Commission] Cease and Desist Order with Docket No. S-1343-I issued March 26, 1971; (2) hold A.R.S. § 44-1841 unconstitutional to the extent it applies to interstate commerce; (3) rule that Polaris' stock...

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