California Corporate & Securities Law

Rule 14a-8 under the Securities Exchange Act of 1934 requires companies that are subject to the federal proxy rules to include shareholder proposals in their own proxy statements to shareholders, subject to certain procedural and substantive...

Chapter 13 of the California General Corporation governs so-called "dissenters' rights". In general, Chapter 13 provides that in certain specified transactions, a shareholder can require the corporation to purchase the shareholder's "dissenting...

"But I with my sharp sword cut into small bits a great round cake of wax, and kneaded it with my strong hands, and soon the wax grew warm, forced by the strong pressure and the rays of the lord Helios Hyperion. Then I anointed with this the ears of...

The California Public Employees Retirement System (aka CalPERS) is the largest defined-benefit public pension in the United States.  It is governed by a Board of Administration that consists of 13 members who are elected, appointed, or hold office ex...

As required by the California Constitution, Governor Newsom proposed a budget for the state's 2020/2021 fiscal year in January.  Cal. Const. Art. IV, § 12.  As noted in this post, the Governor had big plans for the Department of Business Oversight,...

Scriptophily is the study and collection of stock and bond certificates. These certificates may be of historical interest because they evidenced securities issued by well-known companies. They also may be collected as works of art. The artistic...

The California General Corporation Law provides that one or more natural persons, partnerships, associations or corporations, domestic or foreign, may form a corporation by executing and filing articles of incorporation. Cal. Corp. Code § 200(a)....

Section 418 of the California Corporations Code requires that the following six statements appear "on the certificate", to the extent applicable: