California Corporate & Securities Law

Yesterday's post focused on a California bill, AB 1229 (Haney),  that would create a new Decentralized Nonprofit Association Law.  Today's post drills down on what I see as fundamental flaw in the bill.  In addition to defining a "Decentralized...

As discussed in this recent post, Judge Larry Alan Burns recently ruled that the plaintiffs in class action had adequately pled that a distributed autonomous organization (DAO) was a partnership under California law.  Sarcuni v. bZX DAO, 2023 WL...

Mongol Nation is an unincorporated association whose members include the official, or "full-patch," members of the gang.  The U.S. government has been prosecuting the gang since at least 2008 and has obtained convictions of more than 70 individual...

Often a club or other  will begin informally without formal incorporation.  In California, such an unincorporated club or group, whether organized for profit or not, is classified as an "unincorporated association" and it will be governed by...

In 2004, the California legislature enacted an unincorporated associations law as part of the Corporations Code.  Cal. Stats. 2004, ch. 178 (SB 1746).   At the time, the law governing unincorporated associations consisted of various scattered...

Nine years ago, I wrote about various provisions of the California Corporations Code concerning unincorporated associations.  See Thinking About Joining A Club? You May Want To Consider These Corporations Code Provisions First.  Yesterday, a...

Diversity jurisdiction in the U.S. District courts requires complete diversity of citizenship between the parties.  28 U.S.C. § 1332.  A corporation can be a citizen of its state of incorporation, as well as the state where it has its principal...