Thomas v. State

OPINION

PRICE, J.,

delivered the unanimous opinion of the Court.

A jury found the appellant guilty of securities fraud. The Court of Appeals reversed the conviction and concluded that the term other “evidence of indebtedness”, as used in the definition of security in the Texas Securities Act, requires a writing. We granted review to determine whether the term other “evidence of indebtedness” requires a written instrument. 1 Because the cases that we have found all involve some form of writing, the term is part of a group of securities that are all written instruments, and the common…