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8 Bull. Sec. Corp. Banking & Bus. L. 1 (1969-1970)

handle is hein.journals/txjbus8 and id is 1 raw text is: OF THE SECTION ON CORPORATION, BANKING & BUSINESS LAW Issue on Professional Associations & Corporations Volume 8 December 1969 No. 1 STATEMENT FROM THE CHAIRMAN Our Section membership now stands at the largest in its history, and on behalf of our Council I want to thank all the membership for its active support of our Section's work and activities. We are looking forward this year to launching efforts on a number of projects to aid our areas of special professional interest, primarily through the activities of the several Committees of our Section. Through the Committee on Information we are exploring one of the Section's most exciting projects to date - video-tape presentations of how-to subjects of interest to business lawyers. In January the Council will consider the sponsorship by our Section of the first of these, a film on incorporation planning in Texas which will be used in conjunction with printed materials distributed at the time of showing the films. The Information Committee also will publish the Bulletin again this year, with the continuing help of our membership in contributing articles and developments of interest. If any lawyer has or wants to prepare material for publication in the Bulletin please write Professor George A. Pelletier at S.M.U. Law School so that he may consider it. We need contributions to this publication! The Committees concerned with state legislation will be undertaking analysis of legislative proposals, looking to the next legislative session in 1971. The U.C.C. Committee, the Committee on Revision of Corporation laws, and the Banking Committee will be meeting during the spring to consider and explore various areas of legislative need. The Securities Committee plans to re-examine the various problems of state securities laws, both from the point of view of whether and what legislation might be needed, and through discussion and consideration of administrative problems with representatives of the State Securities Board itself. Further work will also be done with respect to recommendations for implementing the Wheat Report to the Securities and Exchange Commission, and other problems of federal securities regulation. We are fortunate indeed to have the undertaking of Truman Holladay, State Securities Commissioner, and of Gerald Boltz, Regional Administrator of the S.E.C., to meet and discuss administrative and legislative problems with the Committee and appropriate subcommittees - in each case with the understanding that these gentlemen bring expertise, and not official representation of their agencies, to the committee's work. We hope also to see work commence during the coming year on study of the Texas antitrust laws to consider the desirability and feasibility of incorporating a pari delicto doctrine or similar concept in private antitrust litigation, which would serve to prevent an unjust enrichment of co-violators while at the same time encouraging compliance with and private enforcement of the salutary rules against price-fixing, unlawful territorial restrictions, and the like. 1

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