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CALIFORNIA CORPORATE & SECURITIES LAW

Kalisman v. Friedman – A California Analysis

A few months ago, Vice Chancellor J. Travis Laster issued an interesting decision involving director inspection rights and the attorney-client privilege.  Kalisman v. Friedman, 2013 Del. Ch. LEXIS 100 (April 17, 2013).  Previously, I had posted on two California cases dealing with this issue.  See When is a Director’s Inspection Right Not Absolute? and Defining The…

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Initiative Seeks To Dehumanize Corporations In California

Are corporations “persons”?  The California Corporations Code answers this question quite directly in Section 18 which defines “person” as including corporations and natural persons.  The Corporate Securities Law of 1968 goes even further – defining “person” to mean an individual, a corporation, a partnership, a limited liability company, a joint venture, an association, a joint stock company,…

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