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CALIFORNIA CORPORATE & SECURITIES LAW

Nevada Precedes Delaware In Blockchain Legislation

On July 21, 2017, Delaware’s 74th Governor, John Carney, signed SB 69 into law.  This legislation amended various provisions of Delaware’s General Corporation Law (Title 8, Delaware Code) ostensibly to establish express statutory authority for Delaware corporations to use networks of electronic databases for the creation and maintenance of corporate records, including the stock ledger.  These databases are…

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Nevada Set To Boost Business Fees For Domestic And Foreign Corporations By 150%

Last week, the Nevada legislature passed what the Reno Gazette-Journal has branded as the state’s “largest-ever tax increase”.  Although the state’s legislative website does not yet list the bill as having been approved by Governor Brian Sandoval, the Governor’s office released this laudatory statement concerning the legislation. Nevada corporations and foreign corporations transacting business in Nevada will encounter…

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