The last sentence of California Corporations Code Section 600(e) imposes a significant limitation on the ability of California corporations to hold virtual-only meetings:
Last Friday, Commissioner Clothilde V. Hewlett issued guidance concerning the "situation in Ukraine and Russia". The guidance reminds licensees of their obligations under federal, and to a lesser extent, California law. The guidance mentions three...
The California Public Employees Retirement System (CalPERS) styles itself as the United States' largest public fund. In response to a letter from Governor Newsom, CalPERS has reported that it has over three quarters of a billion dollars in Russian...
Formerly, when someone wanted a public document such as a court judgment or acknowledgment by a notary recognized in another country, it was necessary to go through a cumbersome process of authentication known as "legalisation", which was often...
Regulation U, 12 CFR § 221.1 – 221.125, imposes certain requirements for lenders, other than securities brokers and dealers, who extend credit secured by margin stock. Regulation U defines "purpose credit" as "any credit for the purpose, whether...
In 2016, the California legislature enacted Labor Code Section 925 which prohibits an employer from requiring an employee who primarily resides and works in California, as a condition of employment, to agree to a provision that would do either of...
"You see, wire telegraph is a kind of a very, very long cat. You pull his tail in New York and his head is meowing in Los Angeles."1
Nearly nine years ago, I observed that Section 107 of the California Corporations Code forbids a corporation, social purpose corporation, association, or individual from either issuing or putting in circulation "as money, anything but the lawful...
In this early January post, I noted the passing of one of the de minimis exemptions under the California Financing Law. This exemption was available to any person who makes no more than one loan in a 12-month period if that loan is a commercial loan...