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BENEFICIAL FINANCE COMPANY OF MIDLAND v. MISKELL

No. 11573.

424 S.W.2d 482 (1968)

BENEFICIAL FINANCE COMPANY OF MIDLAND, Appellant, v. Francis A. MISKELL, Regulatory Loan Commissioner of the State of Texas, Appellee.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied February 28, 1968.

Attorney(s) appearing for the Case

Clark, West, Keller, Clark & Ginsberg, W. B. West, III, Allen Butler, Dallas, for appellant.

Crawford C. Martin, Atty. Gen., George M. Cowden, 1st Asst. Atty. Gen., A. J. Carubbi, Jr., Staff Legal Asst. Atty. Gen., Sam Kelley, Charles T. Rose, Robert C. Flowers, Asst. Attys. Gen., Austin, for appellee.

HUGHES, Justice.

Beneficial Finance Company of Midland, appellant, is a corporation with its home office in Midland, Texas. The stock of this corporation is wholly owned by Beneficial Finance Company of Delaware, a corporation which also owns all the stock in sixty Texas corporations each of which holds a Regulatory Loan License issued under the provisions of Art. 6165b, Vernon's Ann.Tex.Civ.St., the Texas Regulatory Loan Act of 1963.1

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