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WEISZ v. SPINDLETOP OIL AND GAS CO.

No. 13-83-199-CV.

664 S.W.2d 423 (1983)

John WEISZ and Henry J. Ziegenthaler, Appellants, v. SPINDLETOP OIL AND GAS COMPANY, a Nevada Corporation, et al., Appellees.

Court of Appeals of Texas, Corpus Christi.

December 22, 1983.

Attorney(s) appearing for the Case

Jeffrey L. Wood, Kolodey, Thomas, Dooley & Maris, Dallas, for appellants.

Earl L. Yeakel, III, Stubbeman, McRae, Sealy, Laughlin & Browder, Inc., Austin, for appellees.

Before GONZALEZ, BISSETT and UTTER, JJ.

OPINION

GONZALEZ, Justice.

This is an appeal from the granting of a summary judgment to appellees in a Texas Securities Act case based on the statute of limitations. The novel question of whether an action by the State for the appointment of a receiver tolls the statute of limitations is presented in this appeal. We hold that it does not and affirm.1

FACTS

The dispute arose out of the activities of appellees...

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