Shortly before Christmas, the Securities and Exchange Commission proposed to adopt Rule 13q-1 and an amendment to Form SD to implement Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to disclosure of payments...
Recent Posts
The word "impeach" is much in the news of late. It is of Anglo-French origin and originally meant to hinder or impede. As discussed in this post, the first English impeachment in Parliament dates from the fourteenth century.
Monday's post concerned California's constitutional and statutory provisions governing impeachment. These provisions are based on the English parliamentary model developed in the 14th century. In 1678, the Commons impeached Thomas Osborne, the Earl...
The Founding Fathers did not invent impeachment. The procedure was largely copied from English precedent dating to the reign of Edward III. In 1376, the so-called "Good Parliament" under the leadership of Peter de la Mare impeached the King's...
Corporations Code Section 301.3(a) provides:
A few weeks ago, I wrote about Judge Troy L. Nunley's holding that the limitations on distributions in Chapter 5 of the General Corporation Law do not apply to a corporation's repurchase of shares pursuant to Section 2000 of the Corporations Code. ...
The California Secretary of State's business programs division is reminding some corporations of their annual filing obligation and California's new female director quota legislation. The reminder is being mailed to corporations that the Secretary...
Treasury shares are shares that a corporation has issued and then reacquired but not retired. Hence, they are shares that have been issued but are no longer outstanding. In some states, treasury shares retain some legal significance but not so in...
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