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Hay and solar power must needs be made whilst the sun shines. Demand for electricity, however, does not end when the sun sets. The Crescent Dunes Solar Energy Project

California's Nonprofit Corporation Law consists of three separate laws - the Nonprofit Public Benefit Corporation Law, the Mutual Benefit Corporation Law, and the Religious Corporation Law.

Section 317 of the California Corporations Code authorizes, limits and in one circumstance even mandates the indemnification of a person by reason of the fact that the person is

This space has previously discussed the question of just how absolute a director's "absolute" right of of inspection really is.

A neophyte to corporate law might ask where is it written in the California General Corporation Law that directors and officers are fiduciaries. The answer is nowhere.

In my four decades of practicing corporate law, I have never encountered someone giving notice by telegraph. Yet several provisions of the Corporations Code (Sections 118, 5015 and 2511) refer to telegrams.

The last sentence of California Corporations Code Section 600(e) imposes a significant limitation on the ability of California corporations to hold virtual-only meetings:

Reverse veil piercing involves subjecting an entity to the liabilities of its owner. See Inside and Outside Veil Piercing. As Professor Bainbridge has noted, there are two types of reverse veil piercing...

In 2022, the California legislature enacted amendments to the California General Corporation Law allowing corporations formed under that law to ratify or validate otherwise lawful corporate actions.

Last week, I took note of the Second District Court of Appeal's decision that allows for the possibility outside veil piercing, Blizzard Energy, Inc. v. Bernd Schaefers, 2021 Cal. App LEXIS 968.

If intent to form a partnership is not determinative, then the converse would also seem to be true.

In an opinion issued last week, U.S. District Court Edward M. Chen ruled that Ohio law applied to an alter ego claim against the members of an Ohio limited liability company.

The anomalously named California Uniform Partnership Act of 1994 specifies when a partner in a general partnership "dissociates". Cal. Corp. Code § 16601.

The Securities and Exchange Commission recently proposed amendments that would purportedly "update certain substantive bases for exclusion of shareholder proposals" under its shareholder...

Section 908 of the California Corporations Code provides that when a California corporation files a certificate of amendment, the articles of incorporation shall be amended in accordance...

Offshore wind development in federal waters off the California coast is rapidly moving closer to reality. Although construction and operation remains several years away...

Regulation U, 12 CFR § 221.1 – 221.125, imposes certain requirements for lenders, other than securities brokers and dealers, who extend credit secured by margin stock. Regulation U defines "purpose credit" as ...