The California Corporate Securities Law of 1968 currently exempts from qualification any security of an issuer (1) organized exclusively for educational, benevolent, fraternal, religious, charitable, social, or reformatory purposes and not for...
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Under Article III, Section 2 of the U.S. Constitution, the judicial power of the federal courts may extend to, among other things, controversies between citizens of different states. When a party is a trust, in what state is the trust a citizen for...
You can thank the Romans for science and the English for knowledge
I enjoyed participating in the "Hot Issues For Your Annual Meeting" webcast yesterday. My comments were largely focused on California and Nevada corporate law. Roxanne Houtman of Potter Anderson Corroon LLP covered Delaware law. Among other things,...
Before seeing AB 1993 (Irwin), I had not come across the concept of a "corporate law enforcement contact". The bill, which was introduced last month, doesn't exactly say what a corporate law enforcement contact's responsibilities might be, but it...
Sometimes, I run across bills that seem to defy rational explanation. AB 2610 (Holden) appeared to be one such bill.
"It is, of course, an indispensable part of a scrivener’s business to verify the accuracy of his copy, word by word."
In December 2008, the Commissioner of Corporations issued a desist and refrain order based on alleged violations of the Corporate Securities Law and the Finance Lenders' Law. Nearly seven years later, the respondents challenged the order by filing a...
