California Corporate & Securities Law

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:

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:

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...

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...

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...

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...

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...

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...

The same year that the Great War ended, the voters of California approved an initiative measure governing allowable interest rates. This initiative remains uncodified but West Publisher designates these statutes as Civil Code Sections 1916-1 to...