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CALIFORNIA CORPORATE & SECURITIES LAW

This California Court Held That A Limited Partnership Is No Person

In preceding posts, I commented on the multifarious definitions of “person” in the Securities Act of 1933, the Exchange Act of 1934 and various laws within the California Corporations Code.  As noted, the Corporations Code’s definition of “person” is short but open-ended: “Person” includes a corporation as well as a natural person. Cal. Corp. Code § 18. …

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