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Serving Upon Foreign Corporations - What About Code Of Civil Procedure?

Earlier this week, I wrote about two provisions of the California Corporations Code (Sections 2110 and 2111) addressing service on foreign corporations.  Technically, these provisions may only apply to foreign corporations that are transacting or...

Woodbridge Trustee Seeks Relief In California's Corporate Securities Law

On Monday, the trustee of the Woodbridge Liquidation Trust filed a lawsuit against numerous law firms and lawyers.  The trustee's lawsuit relates to the reportedly $1.3 billion Ponzi scheme allegedly orchestrated by Robert H. Shapiro.  In February...

Corporate Securities Law

Serving Agents That Can't Be Found

Yesterday's post discussed how to effect service on a foreign corporation.  Two of three statutory options relate to service on an agent of the corporation.  What if an agent cannot be found?  Mirabile dictu!  The GCL provides answers when:

  • The...

foreign corporation

Whom Do You Serve?

Due process requires proper notice.  Without notice, all may be for naught.  James Joyce's alter ego, Leopold Bloom, took note of this fact in the Cyclops chapter of Ulysses:

"Thank you, no, says Bloom.  As a matter of fact I just wanted to meet...

foreign corporation

Not All Sports Betting May Be Legal In Nevada

Last August, Nevada Secretary of State Barbara Cegavske issued a Summary Order to Cease and Desist on Thomas Becker and Wellington Sports Club, LLC, Einstein Sports Advisory, Ltd., and Welscorp, Inc.  The gist of Secretary of State's allegations is...

securities fraud

California Supreme Court Invalidates Statutes Requiring Filing Of Tax Returns To Appear On Presidential Ballot

Today, the California Supreme Court issued its opinion in Patterson v. Padilla, Case No. S257302 (Nov. 21, 2019).  At issue was "whether portions of the recently enacted Presidential Tax Transparency and Accountability Act (Elec. Code, § 6880 et...

California Supreme Court

Court Rules Share Repurchase Is Not Subject To CGCL Limitations

Chapter 5 of the California General Corporation Law imposes certain limitations on a corporation's distributions to its shareholders.  Section 166 of the Corporations Code defines "distribution to its shareholders" to include the purchase or...

dissolution

Why Corporations Can't Act

Many decried the U.S. Supreme Court's decision in Citizens United v. Federal Election Commission, 558 U.S. 310 (2010).  The California legislature was so upset that it passed a resolution memorializing its disagreement and asseverating that...

Corporate Governance

DBO Proposes To Transition All CFL Licensees To NMLS

The State Regulatory Registry LLC, an affiliate of the Conference of State Banking Supervisors, developed and operates the Nationwide Multistate Licensing System (NMLS).  In 2008, Congress enacted the Secure and Fair Enforcement for Mortgage...

Finance Lenders Law

California Board Gender Quota Law Challenged In Federal Court

Cydney Posner at Cooley LLP wrote last week about a new challenge to California's Board Gender Quota law.  The lawsuit, Creighton Meland v. Alex Padilla, Secretary of State of California,was reportedly filed in federal district court in California...

Corporate Governance, General Corporation Law

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30172DBAB0084D3A8F39D7AF0A8E79BC.ashxKeith Paul Bishop
Partner at Allen Matkins
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