California Corporate & Securities Law

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 boards...

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 the...

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...

Last month, California joined Hawaii, Nevada and Oklahoma in considering enactment of the Uniform Law Commission's Uniform Regulation of Virtual Currency Businesses Act.  California's bill, AB 1489, was introduced by Assembly Majority Leader Ian C....

California has thousands of statutes on the books. Over the years many have become outdated, referring to laws, agencies and office titles that no longer exist. For the public, this can be very frustrating as it is not always clear whether there is...