Page 8 - Corporations Code News Today

California's Commissioner of the Department of Financial Protection & Innovation has the authority to issue orders directing the discontinuance of violations or that a person desist and refrain from specified conduct, if conduct is not ongoing it is impossible to desist

While the California General Corporation Law contemplates that corporations will have bylaws but does not explicitly require that they do.  In my experience, it is extremely rare to...

While the California General Corporation Law contemplates that corporations will have bylaws but does not explicitly require that they do. See Are Bylaws Required? In my experience...

Lawyers have developed a practice of drafting bylaws that essentially regurgitate numerous provisions of the California General Corporation Law, bylaws may be illusory because the bylaws may be out-of-date because of legislative changes.

After the murder of George Floyd in 2020 and the national protests that it triggered, many of the country's largest corporations expressed solidarity and pledged support for racial justice...

After the murder of George Floyd in 2020 and the national protests that it triggered, many of the country’s largest corporations expressed solidarity…

Section 204(a)(9) of the California Corporations Code allows the articles of incorporation to include a provision requiring the approval of the shareholders (Section 153)...

After the murder of George Floyd in 2020 and the national protests that it triggered, many of the country’s largest corporations expressed solidarity and pledged support for racial...

Section 204(a)(9) of the California Corporations Code allows the articles of incorporation to include a provision requiring the approval of the shareholders (Section 153) or the...

When an LLC suffers primary harm that also indirectly harms the LLC’s members, the cause of action generally belongs to the LLC, not its members. Only if the LLC (through its duly...