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The California General Corporation Law entitles directors in performing their duties to rely upon information, opinions, reports or statements of others. Cal. Corp. Code § 309(b). ...
Is AI a person under California Corporation Law what is a director who relies on a report or statement generated by AI if AI is a person if the director believes information, opinions reports or statements are within the expert competence of AI then does section 2 of Cal. Corp. Code 309 b
On September 2, 2022, California Governor Gavin Newsom signed SB 49 into law, amending California Corporations Code §1151 (Cal. Corp. Code §1151) to allow domestic corporations to...
California’s statutes governing LLCs and general partnerships include “safe harbor” provisions making it easier for third parties to rely on the apparent authority of an LLC’s manager...
Recently introduced bill would amend California's Political Reform Act of 1974 to prohibit contributions by foreign-influenced business entity as defined in connection with state or local election or state or local ballot measure. The bill AB 83 Lee & Kalra require business entity.