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KOSCOT INTERPLANETARY, INC. v. KING

No. 11741.

452 S.W.2d 531 (1970)

KOSCOT INTERPLANETARY, INC., Appellant, v. William M. KING, Securities Commissioner of the State of Texas, Appellee.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied April 1, 1970.

Attorney(s) appearing for the Case

Mitchell, Gilbert & McLean, Arthur Mitchell, Phillip W. Gilbert, Austin, for appellant.

Crawford C. Martin, Atty. Gen., Nola White, 1st Asst. Atty. Gen., Pat Bailey, Exec. Asst. Atty. Gen., Edward Esquivel, Sam Kelley, Asst. Attys. Gen., Austin, for appellee.

HUGHES, Justice.

Koscot Interplanetary, Inc., appellant, filed suit in the court below against William M. King, Securities Commissioner of the State of Texas, such suit being in the nature of an appeal from a cease and desist order issued by the Commissioner2 respecting the use of unregistered marketing plans by Koscot. The basis of the order was in selling and offering to sell these plans Koscot was selling and offering to sell a "security...

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