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On January 1, 2023, Assembly Bill (“AB”) 676 will go into effect, significantly amending the California Franchise Relations Act and Franchise Investment Law. The provisions of AB 676...
Four years ago, I wrote about an unpublished decision by the Court of Appeal concerning shareholder inspection rights under the California General Corporation Law. The denouement of...
Court of Appeal concerning shareholder inspection rights under California General Corporation Law. Opinion was shareholder permitted to inspect accounting and financial records. shareholder asked trial court to award 91000 in attorney fees. Section 1604 of Corporations Code.
Tufeld Corp. v. Beverly Hills Gateway, L.P., 2022 WL 17482205, involved a dispute over a long-term lease. The term of the lease was in fact so long that it violated Civil Code Section 718 which provides in relevant part. Court of Appeal was whether the lease was void.
The California Nonprofit Corporation Law is 3 different laws the Nonprofit Public Benefit Corporation Law, the Nonprofit Mutual Benefit Corporation Law, and the Nonprofit Religious Corporation Law. The laws are similar but attention is required to the specific law applicable.