California Corporate & Securities Law

Yesterday's blog discussed California's requirement that many domestic and foreign corporations send financial statements to their shareholders. If a corporation has 100 or more holders of record (determined in accordance with Section 605), then the...

California is a net exporter of corporate charters, but it remains home to many corporations. As a result, the California Corporations Code has a preternatural concern with foreign corporations.

Rachel Anderson is a law professor at the University of Nevada, Las Vegas Boyd School of Law.  She has a website, Salon Sub Rosa, which carries the subtitle of "Musings in the Harlem Renaissance". Her site provides a wealth of information on Business...

Anyone who has submitted a business filing to the California Secretary of State's office know that a serious problem exists. At present, the Secretary of State has 122,000 documents waiting to be filed. The delays are simply intolerable for the...

The formation of a subsidiary under the laws of a foreign country may not seem to implicate the California Corporate Securities Law.  Yet, an offer and sale may occur "in this state" within the meaning of Corporations Code Section 25008. See ...

Jacob was in love with Rachel, but he had a problem. What could he offer Rachel's father, Laban, for her hand? Not having much, he offered to work for seven years. Laban seemed to find this acceptable, but when the seven years service was completed,...

As discussed in prior posts, "transacting intrastate business" is not the same as "doing business".  See You may Be Doing Business in California Even When Not Transacting Intrastate Business. The former is what determines whether a foreign...

Occasionally, a corporation may find itself with no directors and no management.  Yet, the corporation does not cease to exist.

Earlier this week, I mentioned the former Public Utility Holding Company Act (aka PUHCA).  Although it was repealed several years ago, the PUHCA remains important as the legal substrate upon which the famous, and still important, Chenery cases were...