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CALIFORNIA CORPORATE & SECURITIES LAW

All Power To The People: Initiatives And Referenda In California

A year ago, I addressed the effective date of California legislative bills in this post.  In California, the people can also exercise legislative power through two different mechanisms – the initiative and the referendum.  In fact, the California Constitution proclaims: All political power is inherent in the people.  Government is instituted for their protection, security,…

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