California Corporate & Securities Law

Twice-Sold Sales?

In 2018, California enacted legislation authorizing California corporations to include a provision in their articles of incorporation allowing the use of blockchain technology to record and track the issuance and transfer of stock certificates. Cal....

Mr. Desage, a Nevada resident, and Cadeau Express, Inc., a Nevada corporation, defaulted on several promissory notes payable to AW Financial Group, LLC, a Nevada limited-liability company. Because everyone involved had a Nevada connection, it may...

According to the "filing tips" section of the California Secretary of State's website, an "electronic signature" is "typically is defined as meaning an electronic sound, symbol, or process attached to or logically associated with an electronic...

Next Wednesday will be the deadline for many corporations with calendar fiscal year ends to send an annual report to their shareholders.  See Cal. Corp. Code § 1501. This requirement applies to all corporations incorporated under the California...

Yesterday, the California Secretary of State announced that it has activated an online filing tool allowing for corporate formations.  This is the latest addition to a suite of online tools that were already available:

Yesterday, U.S. District Court Judge John A. Mendez dismissed a stockholder's challenge to the constitutionality of California's female director quota law, SB 826.  Meland v. Padilla, U.S. Dist. Ct. Case Non. 2:19-cv-02288-JAM-AC (April 20, 2020)....

Chapter 5 of the California Corporations Code prohibits a distribution to shareholders unless specified conditions are met. The most common type of distribution subject to these limitations is a dividend, but the term "distribution to shareholders"...

Humans decisions are affected by all manner of biases. Many of these biases are quirks of the human mind. A common bias, for example, is to assign more weight to recent data than to older data. Another involves seeing patterns from random...