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Staff Considers "Enantiomeric" Proposal And Reaches Opposite Conclusion

Have you ever noticed that your right hand and left hand are the same, but you can't superimpose one hand perfectly on top of the other?  Your thumbs always end up on opposite sides.  Your hands are "enantiomers", that is non-superposable mirror...

Secretary Of State Proposes Rule Changes / AB 657 Set For First Hearing

Regulations Proposed

Pursuant to Corporations Code § 1502, every corporation organized under the California General Corporation Law must file a Statement of Information with the Secretary of State within 90 days after filing of its initial Articles...

Commissioner Previews Potential Private Fund Adviser Rule Changes

If you're reading this blog, then you had a better Ides of March than Julius Caesar did in 44 B.C.E. 

In this March 5 post, I reported that the Commissioner of Corporations would be seeking comments on proposed amendments to Rule 260.204.9. ...

Are Worker Cooperatives A "Sea Water Fish In A Freshwater Pond"?

Jaroslav Vanek is a professor emeritus in the Department of Economics at Cornell University.  He is recognized as a leading thinker on the subject of labor managed enterprises.  In fact, he wrote a seminal work on the subject in 1970 - The General...

California Corporation Fails To Persuade SEC That Cumulative Voting Proposal Can Be Excluded Under Rule 14a-8

Although Rule 14a-8 is a federal rule, its application often turns on state corporate law.  In most cases, the state law in question is the Delaware General Corporation Law because companies subject to the SEC's proxy rules are most...

Bill To Amend Placement Agent Law Introduced

As discussed in this posting from last October, the legislature enacted AB 1743 to require placement agents for funds and advisers seeking access to CalPERS or other California public retirement systems to register as lobbyists.  Although I had...

Secretary Of State's E-Mail Notification Bill To Be Amended

The Secretary of State is sponsoring AB 657 to allow both foreign and domestic corporations to indicate that they would like to receive notification from the Secretary of State's office by email.

As discussed in this post, I submitted a comment...

Joint Oversight Hearing Scheduled Regarding Dodd-Frank Act Impacts

The Assembly Banking and Finance and the Senate Banking and Financial Institutions Committees will be holding an oversight hearing on March 23.  According to the Assembly Daily File, the purpose of the hearing is to consider "intial reactions,...

Nevada Business Entity Treatise Released Today!

Nearly two decades ago, I wrote what I believe to be the first treatise on the corporate law of Nevada.   Today, I'm pleased to announce the release of a new treatise, Bishop and Zucker on Nevada Corporations and Limited Liability Companies.  Here...

Video: What’s In Store For California’s Exemption For Venture Capital Fund Managers?

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Managers of venture capital funds have largely avoided registration as investment advisers.   The Dodd-Frank Act has significantly changed the exemptions from federal registration and will cause California change its exemptions as...

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30172DBAB0084D3A8F39D7AF0A8E79BC.ashxKeith Paul Bishop
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