California Corporate & Securities Law

California currently imposes unique disclosure requirements on publicly traded corporations.  See California Joins The Parade: The California Corporate Disclosure Act, 16 Insights 21 (2002).  These disclosures are at best useless because they...

I have commented in several posts on provisions of the California Corporations Code that address corporate action in times of emergency.  As we were entering the Covid-19 pandemic shut down, I noted General Corporation Law weirdly shackles the...

Last Friday, The Wall Street Journal published an alarming Op-Ed piece concerning a California Bill, AB 2088, that would impose a wealth tax on any person who spends more than 60 days inside the state’s borders in a single year.   The idea of a...

The California legislature went into recess on Tuesday until adjournment sine die at midnight on November 30.  Cal. Const. Art. IV, § 3, Joint Rule 51(b).  Under the Constitution no bill may be passed by either house on or after September 1 of an...

The California legislature convened over the weekend as the current biennium comes to a close today.  On Sunday afternoon, the Assembly Banking and Finance Committee heard the Senate amendments to AB 979, a bill that would impose quotas on the...

Earlier this month, I noted a California bill that would require publicly held corporations have a minimum number of "directors from underrepresented communities".  The bill, AB 979 (Holden), originally defined "directors from underrepresented...

We are now in the second year of the California legislature's biennium.  Under the Constitution, any bill introduced during the first year of the biennium of the legislative session that has not been passed by the house of origin by January 31 of...

On September 18, Governor Gavin Newsom signed AB 5, a bill dealing with the classification of workers as employees or independent contractors.  It will probably come as no surprise that the bill intended to make it more likely that a worker will be...

The United States Constitution vests the executive power of the federal government in the president, but his or her power is not entirely autonomous.  Notably, Article II, Section 2 endows the president with the power to make treaties with the...