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What is a joint stock association, a group of individuals organized into an association similar to a partnership, but, unlike a partnership, having stock divided into shares transferable by the owner. Partners, might associate themselves in a joint stock company with transferable shares
California courts struck down second board diversity law. Decision affects California's gender diversity requirement for boards of directors. Law requiring publicly held companies to appoint certain number of underrepresented community board members met similar result.
California courts have now struck down the second of the state’s two board diversity laws as unconstitutional. The recent decision affects California's gender diversity requirement for...
With statutes, it can be dangerous to rely on plain meaning
In 2011, I posed the following question: Is Privity Required Or Not Required Under Section 25500? Section 25500 of the California Corporations Code provides the remedy for violations of Section 25400...