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Californians May Vote This November On Whether To Overturn Citizens United

Although state law does not explicitly authorize advisory elections, the California legislature is poised to pass a bill calling a special election for this November for an advisory vote. SB 1272 (Lieu) would submit the...more

6/25/2014 - Advisory Election Citizens United Proposed Legislation

Bill Proposes Significant Changes To Finance Lenders Law

If you are in the business of making loans in California, there’s a good chance that you need a license. Some lenders are licensed under the Real Estate Law while others are licensed under laws governing banks, credit unions...more

4/24/2013 - Finance Lenders Lenders Licenses Proposed Legislation

California Bill Would Expand Liability For Securities Fraud, Impose New Fees, Expand Commissioner’s Powers

In late February, Senator Jerry Hill introduced a bill, SB 538, to substantially amend the Franchise Investment Law. A few days later, the bill was read for the first time and set for hearing by the Senate Banking and...more

4/5/2013 - Broker-Dealer Fees Insider Trading Proposed Legislation Securities Fraud

Nevada Legislature Considers Bill To Authorize Forum Selection Charter Provisions

Late last month, the Nevada Committee on Judiciary introduced a bill that would, among numerous other things, authorize forum selection provisions in corporate and other Nevada entity charters. If SB 441 is enacted, a...more

4/4/2013 - Arbitration Forum Selection Clause Gambling Jurisdiction Proposed Legislation

Political Spending Disclosure Bill Set For First Committee Hearing Today

In January, I wrote about Senator Noreen Evans bill, SB 121, that would require any corporation (as defined) that has shareholders located in California and that makes a contribution or expenditure (as defined)...more

4/3/2013 - Notice Requirements Political Campaigns Political Contributions Proposed Legislation

Legislator Fires Broadside At Franchisors

California has not one, but two franchise laws. The Franchise Investment Law (“FIL”), Corporations Code Section 31000 et seq., is administered and enforced by the the Commissioner of Corporations. The Franchise Relations Act...more

3/12/2013 - Franchise Agreements Franchise Investment Law Franchise Relations Act Franchises Proposed Legislation

Are Political Contributions Ultra Vires?

It’s been three years, but the Supreme Court’s decision in Citizens United v. Federal Election Comm’n, 558 US 50 (2010) continues to foment a fierce debate about corporate political spending. In February, Representative Adam...more

3/11/2013 - Citizens United Political Contributions Proposed Legislation SCOTUS Ultra Vires

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