As discussed in this post, the California General Corporation Law defines and uses the term "common shares" rather than "common stock". Common shares are shares that have no preference over other shares with respect to distribution of assets on...
Where To Find Common Stock In The California General Corporation Law
Posted on September 24, 2021
Putting These Provisions In Bylaws Won't Be Sufficient
Posted on August 29, 2017
Section 202 of the California Corporations Code lists those provisions that must be included in a California corporation's articles of incorporation in order for them the be accepted by the Secretary of State for filing. There are a number of other...
Referring To Extraneous Agreements In The Articles of Incorporation
Posted on June 09, 2017
I didn't take note of AB 1535 (Maienschein) when it was introduced earlier this year because I thought it was a "spot" bill. See "See Spot Run". As introduced, the bill simply added "which may include a reference to a separate shareholder...
California And The "Entitled To Vote" Standard
Posted on April 19, 2017
Recently, I came across a proxy statement for a California corporation that stated the vote required for shareholder action on several proposals was "the affirmative vote of the majority of the shares represented at the Annual Meeting and entitled...
