Not too long ago, I wrote about the Securities and Exchange Commission's confusing classification of subsidiaries. See The Case Of The Wholly Owned, But Not Totally Held, Subsidiary That May Or May Not Be 100% Owned. Since this blog is concerned...
Last week, Broc Romanek's Mentor Blog addressed the question of what to do about outstanding stock certificates following a reverse stock split. Today, I'll weigh in with a California perspective.
Section 422 of the California Corporations...
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