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CALIFORNIA CORPORATE & SECURITIES LAW

Will The Pilot Know When A Corporation Has “Crost the Bar”?

Section 12(g)(1) of the Securities Exchange Act previously required issuers with total assets of $10 million and a class of equity securities held of record by 500 or more persons to register the security with the Securities and Exchange Commission.  Registration was required within 120 days after the last day of the issuer’s first fiscal year ended…

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