Was "Principal Executive Office" A Grave Tautology?

Last week, I wrote about legislation, 2022 Cal. Stats. ch. 617, that among other things eliminated the word "executive" from the numerous sections of the California Corporations Code containing the phrase "principal executive office".   See Do These...

Do These 2022 Legislative Changes Require A Bylaw Refresh?

During the 2021-2022 legislative session, the California Secretary of State sponsored legislation, 2022 Cal. Stats. ch. 617, making numerous changes to the Corporations Code in anticipation of the implementation of its California Business Connect...

Nevada's Legislative Session Ended Last Week But The Legislature Reconvenes Today To Address Just One Issue - The National Pastime

The Nevada legislature meets every other year for 120 days in odd numbered years, commencing on the first Monday in February.  Any legislative action taken after midnight Pacific time at the end of the 120th consecutive calendar day of that session...

California Climate-Related Financial Risk Disclosure Bill Advances

I have been writing about a bill, SB 261, that would would require businesses to prepare and submit climate-related financial risk reports.  See  California Greenhouse Gas Emissions Bill Advances Despite Substantial Opposition And Constitutional...

Federal Court Rules California Board Quota Law Unconstitutional

A little over a year ago, I wrote that California Superior Court Judge Terry Green had found that AB 979 facially violates the Equal Protection Clause of the California Constitution,  Cal. Const. Art. I, § 7.  Crest v. Padilla, L.A. Super. Ct. Case...

Nevada Legislature Mulls Creation Of Fund For Victims Of Securities Fraud

It is an odd-numbered year and this means that the Nevada legislature is back in Carson City for its 82nd session.  One of the bills that it will be considering is AB 67 which would create a restitution fund for some, but not all, victims of...

California Bill Would Regulate "Digital Financial Asset Transaction Kiosks"

Relatively few English words both begin and end with the letter "k".  Kiosk is one.  The word kiosk can be traced to the Persian word, kūsht, which refers to a palace or villa.  In Turkish, the word became köşk.  In France, a small structure placed in a...

Federal Judge Enjoins Physician Gag Law

Last year, the California legislature enacted statutory changes ostensibly to limit the spread of misinformation and disinformation about COVID-19 by licensed physicians.  2022 Cal. Stats. ch. 938 (AB 2098), SeeCalifornia Legislates Covid-19...

Legislator Proposes Ban On Foreign-Influenced Business Entity Contributions

The California legislature is currently in recess and is scheduled to reconvene on January 4.  However, some bills have already been introduced, including AB 83 (Lee & Kalra), which would enact the "Get Foreign Money Out of California Elections Act"....

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