Website Heading

CALIFORNIA CORPORATE & SECURITIES LAW

Why Delaware Corporations Should Worry About California Law When Making Dividends

When paying a dividend to shareholders, California corporations are subject to Chapter 5 of the California Corporations Code. ┬áCorporations incorporated in Delaware and other states may also be subject to Chapter 5 if they meet the conditions of Corporations Code Section 2115, California’s pseudo-foreign corporation statute. ┬áSection 2115 excepts companies with outstanding companies listed on…

Share on: