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CALIFORNIA CORPORATE & SECURITIES LAW

Section 2115, The Internal Affairs Doctrine And Mandatory Indemnification Of Successful Agents

Last Friday, I wrote in this post about mandatory indemnification of agents pursuant to California Corporations Code § 317(d).  California’s neighbor to the East, Nevada, also requires indemnification of agents in much the same terms as California.  NRS 78.7502(3).  Delaware, however has not mandated by statute the indemnification of agents or employees who are not directors or officers…

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“Out by the Truckee’s Silvery Rills”

To many, October 31 is Halloween but to a few (well, maybe one or two) die-hard traditionalists like me, October 31 is Nevada Day.   As a schoolchild in Nevada, we always looked forward to having the day off from school.  October 31 was the date in 1864 on which Nevada was admitted as this country’s 36th state.  In fact,…

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