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COVINGTON KNOX, INC. v. STATE

No. 1983.

577 S.W.2d 323 (1979)

COVINGTON KNOX, INC., Appellant, v. The STATE of Texas, Appellee.

Court of Civil Appeals of Texas, Houston (14th Dist.).

January 24, 1979.

Attorney(s) appearing for the Case

Debora D. Ratliff, Robin C. Gibbs, Wood, Campbell, Moody & Gibbs, Houston, for appellant.

John L. Hill, Atty. Gen., David M. Kendall, First Asst. Atty. Gen., Thomas M. Pollan, Sarah Shirley, Asst. Attys. Gen., Austin, for appellee.

CIRE, Justice.

This is an appeal from an order imposing a temporary receivership upon appellant Covington Knox, Inc. [CKI] pursuant to Tex.Rev.Civ.Stat.Ann. article 581-25-1 (Texas Securities Act). We affirm.

CKI is a Texas corporation and registered broker-dealer in government securities located in Houston, Texas. The State of Texas, at the request of the Securities Commissioner of Texas, instituted this action in May of 1978, seeking an ex parte appointment...

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