Eon.D.LeonEarp
SecuritiesCommissioner
Secretaryof State'sOffice
Austin,Texas
Dear Sir: opinionNo. O-1629
Re: Travhlingexpensesof Securities
Commissionerto attend conference
of State'sSecuritiesCommissioners
in Chicago,February19th and
2Oth, 1940.
We have your requestfor an opinionon the above subject,dated Februsry
14th and also e copy of tour report to the Secretaryof State, dated
February23rd, whereinyou summarizeyour conclusionsrelatingto various
types of securitieswhich may ba offeredfor registrationin Texas which
conclusionsand recomdetions arrivedat after ccnferencewith other
conferees,ale to be used in determiningthe future policiesof your
department, You have advisedthe writer that this conferencewas arranged
by mutmr'lagreement
among the five personaattendingsame, being yourself,
the SecuritiesConmissioners of the respectivestates of Minnesota,Illinois
and Florida,and the field secretaryof the American InvestmentBankers
Association.
It is our opinionthat khe object of this conferenceis clearlya State
&pose. Nor do we believethat the conferenceconstitutesa "convention"
as that word is used in the generalrider to Senate Bill 427 of the 46th
Lagislature.
Yours very truly
APPROVEDMAR. 12, 1940 ATTORNEYCERERALOFTEXAS
s/GERALDc. MAN-N
A!lTORNEYcZ3NEW.L
OF TEXAS a/ Walter R. Koch
THIS OPINIONCONSIDERED
ANDAPPROVED IN LIMITFLD
CONFERENCE
bs
Walter Pi.Koch
Assistant
WFX: aw
Untitled Texas Attorney General Opinion
Combined Opinion