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HOLLADAY v. INTERCONTINENTAL INDUSTRIES, INC.

No. 11880.

476 S.W.2d 779 (1972)

Truman G. HOLLADAY, Securities Commissioner of Texas, Appellant, v. INTERCONTINENTAL INDUSTRIES, INC., Appellee.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied March 1, 1972.

Attorney(s) appearing for the Case

Crawford C. Martin, Atty. Gen., Nola White, 1st Asst. Atty. Gen., Alfred Walker, Executive Asst. Atty. Gen., Ralph R. Rash and John H. Banks, Asst. Attys. Gen., Austin, for appellant.

Carlton & Duplissey, Dean Carlton, Dallas, for appellee.

PHILLIPS, Chief Justice.

This is an appeal from the judgment of the District Court setting aside the order of the Securities Commissioner wherein he extended his order revoking the secondary1 trading in securities issued by the Appellee.

Appellee brought its suit under the provisions of Vernon's Tex.Rev.Civ.Stat.Ann. art. 581, Section 27, known also as the Texas Securities Act. Appellee...

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