Congress enacted Section 409A of the Internal Revenue Code in 2004. Given the statute's complexity, the expense associated with compliance and its iron-fisted results, I've been amazed that there hasn't been a greater clamor for its repeal.
Recent Posts
I'm tempted to begin this post with the following:
Yesterday, the California Court of Appeal found substantial evidence in the record to uphold a trial court's decision to add an affiliated corporation as a judgment debtor under the "single enterprise" theory. Toho-Towa Co., Ltd. v. Morgan Creek...
Yesterday's post concerned the attorney-client privileged issues in Vice Chancellor J. Travis Laster's recent decision in Kalisman v. Friedman, 2013 Del. Ch. LEXIS 100 (April 17, 2013). I found another statement in the decision even more intriguing -
A few months ago, Vice Chancellor J. Travis Laster issued an interesting decision involving director inspection rights and the attorney-client privilege. Kalisman v. Friedman, 2013 Del. Ch. LEXIS 100 (April 17, 2013). Previously, I had posted on two...
Historically, the Governor appointed California's Commissioners of Corporations. Cal. Corp. Code § 25600. Today, the Governor still appoints the head of the new Department of Business Oversight. Having served as a Commissioner, I believe that it is...
SEC Misreads The Dodd-Frank Act
Section 25019 of the Corporations Code defines "security" broadly by listing a broad range of items that is substantially, but not exactly, the same found in Section 2(a)(1) of the Securities Act of 1933. See “Security” Definitions In CSL And ’33...
When a certificated security has been lost, destroyed or wrongfully taken, the issuer has an obligation to replace that certificate if the owner:
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