The 2014 Budget Act requires the Department of Business Oversight to provide a report on its broker-dealer/investment adviser program to the the Legislature and the Department of Finance by January 10 of each year. While not exactly scintillating...
One doesn't normally think of corporations as being agencies of the United States government. However, the California Corporations Code conclusively presumes that some corporations are agencies and instrumentalities of the United States. To...
John Jenkins at TheCorporateCounsel.net writes this morning about the Securities and Exchange Commission's announcement that it has filed a civil complaint against nine defendants for hacking the EDGAR system. The SEC's complaint alleges that these...
Brett Kissel's mic died when he began to sing the national anthem at a 2017 Ducks/Oilers game in Edmonton. The local fans, however, pitched in and loudly finished the U.S. national anthem. It seems that Canadians have concluded that their burning...
"Adjourn" is derived from the Latin words "ad" and "diurnus", meaning "to" and "daily" (a diurnal flower opens only during the day). The word came into the English language through Old French "ajorner" ("soup du jour" is the soup of the day)....
Section 305(a) of the California Corporations Code empowers a board of directors to fill vacancies with two important exceptions. First, the articles of incorporation or bylaws may provide otherwise. Second, the board may only fill a vacancy...
Today I am revisiting a question that I posed more than six years ago: What happens when the incorporator dies? More specifically, what happens when the incorporator dies and the corporation's initial directors are not named in the articles?
When...
Section 403 of the California Corporations Code provides authority for a California corporation to issue convertible shares when so provided in the articles of incorporation. In general, conversion may be upon the "happening of one or more...
One of the first bills introduced in the current California legislative biennium proposes to enact a Cannabis Limited Charter Banking and Credit Union Law. Authored by Senator Robert M. Hertzberg, SB 51 is an attempt to address the fact that...
Last week, three ISS staffers, Mikayla Kuhns, Rudy Kwack and Kosmas Papadopoulos, published their conclusions regarding the impact of California's new gender quota law. Among other things, they found:
"Of the 689 companies with their executive...
Keith Paul Bishop
