The California Secretary of State's business programs division is reminding some corporations of their annual filing obligation and California's new female director quota legislation. The reminder is being mailed to corporations that the Secretary...
Treasury shares are shares that a corporation has issued and then reacquired but not retired. Hence, they are shares that have been issued but are no longer outstanding. In some states, treasury shares retain some legal significance but not so in...
The "Forme of Solemizacion of Matrimonie" included in the Church of England's first Book of Common Prayer (1549) includes the forerunner of the wedding vows often used in modern Christian marriages. Both bride and groom take each other "til death us...
California Corporations Code Section 409(e) imposes a duty on the board of directors to determine "the fair value to the corporation in monetary terms of any consideration other than money for which shares are issued". Does a board's failure to make...
On Monday, I wrote about whether a director might be an employee following California's enactment the A-B-C test for determining status as an employee. California, of course, does not determine employment status for all purposes.
The word "print" is derived from the Latin word premere, meaning to press or to bear down upon. Ancient Romans used several mechanisms to write, including pressing letters with a stylus (stilus) into a wax tablet (tabula). A blank tablet was...
On September 18, 2019, California Governor Gavin Newsom signed AB 5 into law effective January 1, 2020. This legislation is intended to make it more likely that a worker will be classified as an employee. It effects this change by codifying the...
Earlier this week, I wrote about two provisions of the California Corporations Code (Sections 2110 and 2111) addressing service on foreign corporations. Technically, these provisions may only apply to foreign corporations that are transacting or...
.png?width=100&height=100&name=corporate_law_blogs%20(1).png)