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CALIFORNIA CORPORATE & SECURITIES LAW

Bylaws And Supermajority Board Voting Requirements

Yesterday’s post concerned various provisions that, although not required to be included in the articles of incorporation, must be included if they are to be effective.  One of these provisions relates to supermajority voting requirements: A provision requiring, for any or all corporate actions (except as provided in Section 303 [removal of directors without cause],…

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Nevada Enacts Provisions Permitting Ratification Of Corporate Acts

Etymologically, one might view the meaning of “ratify” as to make as one had thought.  It is derived from two Latin words – ratus (the past participle of the verb meaning to think) and facere (the infinitive of the verb meaning to make).  Two years ago, Delaware added two statutes intended to facilitate ratification of corporate…

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California’s GO-Biz Site Bedeviled By Errors and Omissions

According to the website, the California Governor’s Office of Business and Economic Development (GO-Biz) was created “to serve as California’s single point of contact for economic development and job creation efforts”.  While the site does provide some very basic level of information, it is dangerously incomplete and riddled with manifest errors.  No advice would be better…

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