Page 10 - Corporations Code News Today

Recent efforts by the California Legislature to increase corporate boardroom diversity hit a road bump due to the Los Angeles County Superior Court decision earlier this month in Crest v. Padilla...

A California Superior Court judge has invalidated state legislation that required boards of publicly held corporations headquartered in California to include a minimum number of...

The statutory right to judicial dissolution in California comes with a hook — the defendants can avoid dissolution by exercising a “buyout” procedure.  This is true in both LLCs...

In 2020, the legislature enacted AB 3075 (Gonzalez) which, among other things, requires a corporation or an LLC to disclose in its statement of information filed with the Secretary of...

In the case of LLCs, the current Corporations Code § 17702.09a8 requires disclosure to any member or any manager. Burdensome that the analogous requirement for corporations Sections 1502a10 7 2117a8 which requires disclosure only as to officers and directors.

In Crest v. Padilla, No. 20STCV37513 (Cal. Super. Apr. 1, 2022), the Superior Court of California for the County of Los Angeles (Green, J.) declared that Section 301.4 of the California Corporations Code...

Unfortunately, at the time, only a minute order was released, which did not offer any explanation of the Court's reasoning.

California legislature enacted AB 663 Chen in order to provide California corporations with greater flexibility to hold virtual-only meetings of shareholders. A virtual-only shareholder meeting may be held without either unanimous shareholder consent

Last year, the California legislature enacted AB 663 (Chen) in order to provide California corporations with greater flexibility to hold virtual-only meetings of shareholders.  Among...

Some of the most important HOA decisions must be made by membership vote, but many associations cannot make those decisions because they fail to attain quorum.