California Corporate & Securities Law

In late February, Senator Jerry Hill introduced a bill, SB 538, to substantially amend the Franchise Investment Law.  A few days later, the bill was read for the first time and set for hearing by the Senate Banking and Financial Institutions Committee

Late last month, the Nevada Committee on Judiciary introduced a bill that would, among numerous other things, authorize forum selection provisions in corporate and other Nevada entity charters. If SB 441 is enacted, a management person or owner of...

In January, I wrote about Senator Noreen Evans bill, SB 121, that would require any corporation (as defined)  that has shareholders located in California and that makes a contribution or expenditure (as defined):

In Moss v. Kroner, 197 Cal. App. 4th 860 (2011), the Second District Court of Appeal found that rescission was available to a plaintiff under Corporations Code Section 25504 even though the plaintiff was not in privity with the defendant. Section...

Is It Subversive To Borrow Money From A Foreign Government?

Harvesting the sunlight as a source of "clean" energy is the dream of many. Although the energy provided by the sun is free, converting that energy into electricity continues to require significant financial resources. One model for local solar...

It's not easy to write regulations and lawyers can be a hypercritical group. Nonetheless, the Securities and Exchange Commission's rules can be maddingly inconsistent. As one small example, I offer Item 405 of Regulation S-K and its many references...

Nearly two years ago, Mr. Daniel E. Francis filed a petition for writ of mandamus against CalPERS and other based on allegations that the pension fund had laundered the salary of the receiver appointed by the U.S. District Court through the state’s ...

Yesterday's post discussed how the meaning of "must" in Nevada Revised Statutes can depend upon whether a verb is in the passive voice. Here in California, I've made frequent sightings of discussions of the passive voice in opinions, including the...