"Wipin' out wipe outHey watch outWah wah wahWipin' out wipe out"
All securities transactions by members and employees of the Securities and Exchange Commission must comply with 5 CFR § 200.735-5 which in turn requires compliance with 5 CFR § 4401.102. In general, § 4401.102 adopts a "possession" standard for...
Insider Trading, Department of Financial Protection and Innovation
Last Friday's post noted the multiple ways in which a meeting of shareholders may be invalidated. Fortunately, the California General Corporation Law provides several opportunities for curing an improperly called or noticed meeting of...
Leo Tolstoy's Anna Karenina begins with this famous line:
One More Reason For Foreign Corporations To Not Have Any Office In California . . .
Posted on
November 18, 2020
Chapter 22 of the California General Corporation Law specifies a number of crimes that may be committed by corporations and/or their directors, officers or agents. The penalties for some violations can be significant. For example, a director,...
Light Is Both A Wave And Particle, But A Corporation And A Partnership Is A "Legal Impossibility"
Posted on
November 17, 2020
In 1905, Albert Einstein proposed that light, which until then had been considered to exist as waves, must also be regarded as particles. Later, Nobel Prize winner Louis-Victor-Pierre-Raymond, 7th duc de Broglie, found that electrons have wave and...
Last week, the North American Securities Administrators Association issued a comment letter urging the Securities and Exchange Commission not to move forward on its proposal to issue a conditional order exempting finders from the requirement to...
Section 16600 of the California Business & Professions Code declares "every contract" that restrains "anyone . . . from engaging in a lawful profession, trade, or business of any kind is to that extent void". There are only three statutory...
The U.S. Library of Congress is more than just printed books. Among the millions of books, recordings, photographs, newspapers, maps and manuscripts in its collection, it maintains a legal blawgs web archive. The Library describes this...
