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STATE v. MONEX INTERNATIONAL, LIMITED

No. 4770.

527 S.W.2d 804 (1975)

The STATE of Texas, Appellant, v. MONEX INTERNATIONAL, LIMITED, d/b/a Pacific Coast Coin Exchange, Appellee.

Court of Civil Appeals of Texas, Eastland.

Rehearing Denied October 10, 1975.

Attorney(s) appearing for the Case

David W. Pace, Asst. Atty. Gen., Austin, for appellant.

Patrick E. Higginbotham, Coke & Coke, Dallas, for appellee.

McCLOUD, Chief Justice.

The State of Texas sued to enjoin Monex International, Ltd., d/b/a, Pacific Coast Coin Exchange from selling securities alleging that Pacific had not complied with the registration requirements of the Texas Securities Act. Tex.Rev.Civ.Stat.Ann. Article 581-1 through 581-39.

In a nonjury trial the court denied the injunction and concluded that Pacific does not sell securities within the meaning of the Texas Securities Act.

The...

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