FINRA's New Rule
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Every person who was licensed under the California Finance Lenders Law as of December 31, 2011 must file an annual report with the Department of Corporations. The report is due on or before March 15, 2012. Cal. Fin. Code § 22159(a). The Department...
There are many ways to define a term. Many definitions are "intensional definitions". An intensional definition lays down all of the properties required to meet that definition. For example, Corporations Code Section 185 provides that "Shareholder"...
In December, California Secretary of State Debra Bowen announced that she has certified the first initiative for the November 6, 2012, presidential election ballot. Among other things, this initiative would ban corporations, labor unions and public...
Last week, the Nevada Supreme Court analyzed the rights of a judgment creditor of a member/manager of a limited liability company. In Weddell v. H2O, Inc., 2012 Nev. LEXIS 26 (March 1, 2012), the court reviewed the development of Nevada's LLC...
A few months after I joined the Business, Transportation & Housing Agency, a major earthquake struck the San Fernando valley. Fifty-seven people lost their lives and thousands were injured. Property damage was extensive and five highway bridges...
While many were thinking of love on Valentine's Day, Assembly member Bob Wieckowski's thoughts were turned to dissenters' rights; for on that day he introduced AB 1680. This bill would eliminate an exception to an exception from the definition of...
Earlier this week, Nevada Secretary of State Ross Miller announced an invitation for bids to produce a comprehensive review of legal requirements for a digital model operating agreement for limited liability companies. Never having heard of a...
In 2002, the California legislature enacted the Corporate Disclosure Act to require publicly traded corporations and publicly traded foreign corporations qualified to transact intrastate business in California to file a statement of information with...
