The California Civil Code includes a number of decidedly gnomic provisions. Section 1597 is one of these. It purports to answer the question of what is possible:
Everything is deemed possible except that which is impossible in the nature of
Last week, Assembly Member Grayson gutted and amended AB 2269 so as to create a “Digital Financial Assets Law”. This law would require persons engaging in digital financial asset business activity to be licensed or registered with the California Department
Seven years ago, the Securities and Exchange Commission proposed rules that would direct the national securities exchanges and national securities associations to establish listing standards that would require each issuer to develop and implement a policy providing for the recovery,
Yesterday, the California Office of Administrative Law approved the Department of Financial Protection and Innovation’s (DFPI) proposed commercial financing disclosure regulations. The DFPI adopted these regulations pursuant to SB 1235 (Glazer), 2018 Cal. Stats. ch. 1011. The DFPI’s final
In a decision published on Wednesday, the California Court of Appeal held that a defendant’s due process rights do not protect the sole shareholder of a corporation from an alter ego action. Lopez v. Escamilla, Cal. Ct. Appeal Case No. B316800 (June
In September 2018, then Governor Jerry Brown signed SB 1235 into law. SB 1235 added a new division to the Financial Code imposing specific loan disclosure requirements on providers of commercial financings. These disclosures include:
At first glance, California Corporations Code Section 17708.01(a) appears to be a rather straightforward enunciation of the “internal affairs doctrine” as applied to foreign limited liability companies:
(a) The law of the state or other jurisdiction under which a foreign limited
California Corporations Code Section 22003 effectively deems directors to be all-knowing:
For the purposes of this part every director of a joint stock association is deemed to possess such knowledge of the affairs of his association as to enable him
Section 17910 of the California Business & Professions Code requires every person who regularly transacts business in California for profit under a fictitious business name to file a fictitious business name statement. Failure to do so, will preclude the person