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CALIFORNIA CORPORATE & SECURITIES LAW

Legislature (Re)Enacts A Maximum De Minimis Finance Lenders Law Exemption

The California Finance Lenders Law defines a “finance lender” as anyone that is engaged in the business of making consumer loans or making commercial loans.  Cal. Fin. Code § 22009.  Knowing the definition of “finance lender” is important because California imposes a license requirement on anyone engaged in the business of a finance lender. Cal. Fin.…

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“Not De Minimis” Is No Small Thing!

Having failed to meet a Congressional deadline for years, a federal court last fall ordered the Securities and Exchange Commission to adopt a resource extraction payments disclosure rule as required by Section 13(q) of the Securities Exchange Act. Oxfam Am., Inc. v. United States SEC, 2015 U.S. Dist. LEXIS 116982 (D. Mass. Sept. 2, 2015).  Pursuant to U.S. District Court Judge Denise J. Casper’s order,…

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What’s The Plural of Prius?

What Cicero Would Have Said The Toyota Prius is a very popular car.  So popular, some people might actually own two or more.  But how do you describe more than one Prius? The -us ending suggests that Prius may be Latin in origin.  Indeed, there is a Latin word “prius”, but it isn’t a proper…

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