California Corporate & Securities Law

'No statutory authority exists in California for a foreign corporation that is qualified to transact intrastate business in California to amend its statement of information to reflect a new state or place of domicile.  A foreign corporation desiring...

Yesterday's post discussed how to effect service on a foreign corporation.  Two of three statutory options relate to service on an agent of the corporation.  What if an agent cannot be found?  Mirabile dictu!  The GCL provides answers when:

Due process requires proper notice.  Without notice, all may be for naught.  James Joyce's alter ego, Leopold Bloom, took note of this fact in the Cyclops chapter of Ulysses:

Last Friday, the Sixth District Court of Appeal held that a corporation's recording of a an abstract of judgment while suspended was a procedural matter that was retroactively validated when its corporate powers were restored.  Longview Int'l v....

A foreign corporation registering with the California Secretary of State to transact intrastate business must, among other things, designate an agent for service of process in California. Does this amenability to service confer personal...

Corporations Code Section 1601 requires that records "be open to inspection . . . at any reasonable time during usual business hours . . .".  The statute is silent on where the inspection must occur. In Innes v. Diablo Controls, Inc., 248 Cal. App....

Seven years ago, I wrote about California's "million dollar contract" statute - CCP § 410.40.  That statute permits any person to maintain an action against a foreign corporation or nonresident person when the action arises out of, or relates to,...

Businesses often prefer to have their cases tried in federal court, but the U.S. District Courts are courts of limited jurisdiction.  When there is no federal question at issue, the Court's jurisdiction may depend on whether there is diversity...

Recently, I came across a list of unicorns.  These are private companies with valuations of $1 billion or more.  I can't vouch for the accuracy of the list, but I did recognize many of the names.  Many of the companies on the list shared two...