California Corporate & Securities Law

Is a corporation required to have bylaws?  I expect that many attorneys consider anyone who thinks bylaws are not required to be benighted at best.

Section 12(g)(1) of the Securities Exchange Act previously required issuers with total assets of $10 million and a class of equity securities held of record by 500 or more persons to register the security with the Securities and Exchange Commission....

Lawsuits against directors can seem very one-sided with the plaintiffs starting at bat and never having to take to the field to play defense. This may be changing as a result of a very significant decision issued last Friday by the Second District...

In March, the Board of Administration of the California Public Employees Retirement System (CalPERS) initiated the process for the adoption of proposed regulations on personal trading by Board members, executives and various employees. The comment...

The Securities and Exchange Commission makes available on its website information on how members of the public may request that the Commission issue, amend or repeal a rule of general application. Not too many people take advantage of this right....

In this post from June 4, I asked related how the author known as Lewis Carroll had written Alice’s Adventures in Wonderland at the urging of the Alice Liddell, the daughter of the famed lexicographer Henry George Liddell. I ended by noting that...

Naming a corporation can be an exercise in frustration.  Just when you decide on a name, you find that it's unavailable because someone else has already taken it.  See Naming a Business Is Never Easy in California.

This being an even numbered year, last Friday (June 1) was the deadline for each house to pass bills that were introduced in that house. Joint Rule 61(b)(11). Although it was initially close, I was disappointed to see that the Senate passed SB 1208...

The Governor's reorganization plan provides for the demotion of the Departments of Corporations and Financial Institutions to the status of divisions within a newly created Department of Business Oversight.  As I discussed in post, the plan is likely...