Birchfield v. State

MORRISON, Judge.

Our prior opinions are withdrawn and the following substituted therefor.

The conviction is under the Securities Act Art. 581-29 (C), Vernon’s Ann. Civ. St.: the punishment, two years.

The State’s evidence reflects that appellant, after having been removed as president of the corporation in question, sold stock in such corporation to one Ragsdale representing that he was president, and that the money which Ragsdale paid him would be used to get the mining venture into operation, but that such funds were not paid to the corporation. Appellant did not testify or offer any evidence…