Yesterday’s post discussed virtual currencies (e.g., Bitcoin) and the General Corporation’s law prohibition on issuing or putting into circulation money. But what exactly is money? The General Corporation Law has no answer. …more
I’ve been seeing an increasing number of references to Bitcoin and other forms of virtual or crypto currencies in the news. For example, Jeffrey Sparshott and Robin Sidel of the Wall Street Journal reported last week that the…more
It is widely assumed that if a contract, note or other instrument is signed by a corporation’s president and its secretary, it will not be invalidated as to the corporation by any lack of authority of the signing officers. …more
Artistotle didn’t think much of the idea of paying interest:
(“As this is so, usury is most reasonably hated, because its gain comes from money itself and not from that for the sake of which money was invented. For money…more
No Harm, No Foul -
The late Lakers broadcaster Chick Hearn was known for coining or popularizing numerous basketball expressions, including “air ball” and ”no harm, no foul”. Now, the U.S. Supreme Court may soon decide…more
Yesterday’s blog discussed California’s requirement that many domestic and foreign corporations send financial statements to their shareholders. If a corporation has 100 or more holders of record (determined in accordance with…more
California is a net exporter of corporate charters, but it remains home to many corporations. As a result, the California Corporations Code has a preternatural concern with foreign corporations.
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Green Building Focus - The ultimate green building eats smog - Bloomberg Businessweek - Apr 26:
The Manuel Gea González Hospital in Mexico City has installed a decorative, white facade made from a sophisticated new…more
Renewable Energy Focus - Providing a level playing field for renewables - PV-Magazine - Apr 26:
U.S. Senators have decided to level the playing field for renewable energy sources by providing investors in renewable energy…more
Environmental and Policy Focus - Gov. Brown joins move to rewrite California's Prop. 65 - The Sacramento Bee - May 7:
Gov. Jerry Brown is throwing his weight behind a push to update Proposition 65, California's defense…more
Renewable Energy Focus - National Renewable Energy Laboratory helps U.S. Navy cut energy usage - EarthTechling - Green Tech, Green Products & Energy News - Apr 25:
The U.S. Department of Energy’s National Renewable Energy…more
Green Building Focus - Revolving loans would quadruple Prop 39 investments: UCLA Newsroom - Apr 18:
Proposition 39, the California Clean Energy Jobs Act, passed in 2012. Prop 39 requires businesses operating in multiple…more
Rachel Anderson is a law professor at the University of Nevada, Las Vegas Boyd School of Law. She has a website, Salon Sub Rosa, which carries the subtitle of “Musings in the Harlem Renaissance”. Her site provides a wealth of…more
Anyone who has submitted a business filing to the California Secretary of State’s office know that a serious problem exists. At present, the Secretary of State has 122,000 documents waiting to be filed. The delays are simply…more
The formation of a subsidiary under the laws of a foreign country may not seem to implicate the California Corporate Securities Law. Yet, an offer and sale may occur “in this state” within the meaning of Corporations Code…more
