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California Bill Threatens Market Exception For Dissenters’ Rights

The California legislature is taking its summer recess and will reconvene on August 6.  Joint Rule 51(b)(2).  It will then sit until August 31 which is the last day for either the Senate or the Assembly to pass bills.  Cal. Const. Art. IV, §10(c) and Joint Rule. 61(b)(17). One bill that has been somewhat of…

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Elimination Of Exception’s Exception For Listed Companies Is In The Offing

While many were thinking of love on Valentine’s Day, Assembly member Bob Wieckowski’s thoughts were turned to dissenters’ rights; for on that day he introduced AB 1680.  This bill would eliminate an exception to an exception from the definition of “dissenting shares” in Corporations Code Section 1300(b).  Because dissenters’ rights are intended to allow a…

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Why Section 25100(o) Certification Still Matters (Part 3); Big Whistleblower Award By OSHA

In two earlier posts, I wrote about why the Commissioner’s certification of a national securities exchange pursuant to Corporations Code § 25100(o) still matters.  Today, I discuss yet another reason why certification continues to be relevant.  This time the issue involves dissenters’ rights under the California General Corporation Law. Dissenters’ Rights Chapter 13 of the California Corporations…

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