The right of a stockholder to inspect a corporate books and records was originally a common law right. California, Delaware and Nevada have since codified stockholder inspection rights.
Keith Paul Bishop
Recent Posts
The Glendon Tremaine Symposium has been a long-standing tradition of the Los Angeles County Bar Association. It is named for the late Glendon Tremaine, a Pasadena attorney who served as President of the LACBA.
A corporate employer controls its employees. A sole shareholder controls the corporation. Is the shareholder an "employer"? A California Court of Appeal answered this question last week in Leek v. Cooper.
Many out-of-state practitioners are surprised to learn that California has special statutory provisions governing a merger when a constituent corporation (Section 161) or its parent (Section 175) owns, directly or indirectly, more than 50% of the...
San Diego Securities Law Conference
One might expect that the rights and duties of a California issuer with respect to the registration of transfer of investment securities would be governed by California law. After all, Section 8110(a) of the California Uniform Commercial Code...
The hasting days fly on with full career while the SEC proceeds with rulemaking to implement the Dodd-Frank Act's changes to the regulation of investment advisers. Last week, Associate Director Robert E. Plaze in the SEC's Division of Investment...
Previously, I've discussed the effort to create a new species of corporation - the flexible purpose corporation. To this end, Senator Mark DeSaulnier has introduced SB 201. The Senate Judiciary Committee heard and passed the bill yesterday...