Cal Corp Code News Today

In Re v. Weksel, 130 A.D.2d 640 1987, the Appellate Division of the New York Supreme Court applied the same language in former Section 15702a2 governing derivative suits by domestic or foreign limited partnerships to dismiss a plaintiffs' suit

Section 800 of the California Corporations Code applies to actions brought in the name of any domestic or foreign corporation, aka derivative actions.  It is similar, but not the same...

California Securities Owners Protection law defines individual to include every domestic or foreign private corporation. Cal. Corp. Code § 27002a. The list also includes some incorporeal entities such as unincorporated associations, partnerships, syndicates and even leagues.

The private corporation laws of both California and Nevada both authorize the formation of committees. California requires that committee of board consist of at least two directors while Nevada's statute requires that a committee include at least one director.

The private corporation laws of both California and Nevada both authorize the formation of committees. California requires that committee of board consist of at least two directors while Nevada's statute requires that a committee include at least one director.

The Secretary of State has filed a motion to dismiss a federal court challenge to California's director quota laws SB 826 and AB 979. Argues that corporations avoid discrimination by adding directors who identify as LGBT without adding from any racial minority group.