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Upon hearing that a "voting shift" has occurred, one might infer that there has been some change in the historical voting patterns. The California General Corporation Law, however, defines the term very differently:
"'Voting shift' means a change,...
Posted on
November 06, 2018
by
Keith Paul Bishop
Yesterday's post delved into the difference between a "share exchange tender offer" (Section 183.5) and an "exchange reorganization" (Section 181(b)) under the California General Corporation Law. Briefly, both involve the exchange of equity...
Posted on
November 05, 2018
by
Keith Paul Bishop
In 1989, the California legislature decided to define "share exchange tender offer" in the General Corporation Law. Section 183.5 defines the term to mean:
"any acquisition by one corporation in exchange in whole or in part for its equity...
Posted on
July 12, 2018
by
Keith Paul Bishop
Yesterday's post highlighted one company's confusion about the vote required for shareholder approval of an equity compensation plan under the California General Corporation Law. Because the GCL does not impose a specific requirement for...
Some may be surprised to learn that a corporation need not be formed under the California General Corporation Law to qualify as a "domestic corporation". Corporations Code Section 167 defines "domestic corporation" to be "a corporation formed under...
Posted on
August 29, 2017
by
Keith Paul Bishop
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...
articles of incorporation, Bylaws, Corporate Governance, General Corporation Law, Section 204(a)
Posted on
January 20, 2017
by
Keith Paul Bishop
The last two posts have discussed what a corporation may do with fractions of shares. I entitled the first of these posts "Breaking Up Is Not Hard To Do – Fractions, Scrip And Scrippage" in partial reference to the song by Neil Sedaka and Howard...
Corporate Governance, fraction, fractional shares, General Corporation Law, Section 407, squeeze out
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Keith Paul Bishop
Partner at Allen Matkins
(949) 353-6347
Contact me
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