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CALIFORNIA CORPORATE & SECURITIES LAW

The Statue And Statute Of The Three Lies

The Statue of Three Lies In Harvard Yard, there is a prominent bronze statue of a man sitting on a chair.  The statue is the work of the prolific American sculptor Daniel Chester French.  The statue is vaguely reminiscent of French’s more famous depiction of a sitting President Abraham Lincoln in the Lincoln Memorial.  (Does it really make sense to call a…

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What Law Governs A Foreign General Partnership?

The California Uniform Partnership Act of 1994 defines a “partnership” to mean “an association of two or more persons to carry on as coowners a business for profit formed under [Cal. Corp. Code] Section 16202, predecessor law, or comparable law of another jurisdiction . . .”.  Cal. Corp. Code § 16101(9).  The California act does not define…

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