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KING COMMODITY COMPANY OF TEXAS, INC. v. STATE

No. 18291.

508 S.W.2d 439 (1974)

KING COMMODITY COMPANY OF TEXAS, INC., Appellant, v. The STATE of Texas, Appellee.

Court of Civil Appeals of Texas, Dallas.

Rehearing Denied April 4, 1974.

Attorney(s) appearing for the Case

Mark W. Perrin, Houston, for appellant.

John L. Hill, Atty. Gen. for the State of Texas, Bill Flanary, Asst. Atty. Gen., Austin, for appellee.

GUITTARD, Justice.

On this interlocutory appeal our questions are whether "commodity options" are "securities" subject to registration under the Texas Securities Act and whether a district court of a county other than that in which a corporation subject to the Texas Business Corporations Act has its registered office may appoint a receiver for the assets and business of the corporation.

The appeal comes from one of the district courts of Dallas County, which...

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