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Corporate Officers Pending Legislation

Ervin Cohen & Jessup LLP

Assembly Bill 2613 Seeks to Expand Personal Liability for Individual Managers in California

Assembly Bill 2613 seeks to expand the persons potentially liable to any “person acting on behalf of an employer”. More specifically, liability would attach when an employee is not paid sums owed when due under Labor Code...more

BCLP

Changes in Georgia’s Law on Director Duties

BCLP on

On July 1, 2017, significant amendments to the director and officer liability provisions of Georgia’s Financial Institution Code and Business Corporation Code will take effect. These amendments, adopted as House Bill 192...more

Allen Matkins

Will Your Corporation Be Required To Designate “Corporate Law Enforcement Contact”?

Allen Matkins on

Before seeing AB 1993 (Irwin), I had not come across the concept of a “corporate law enforcement contact”. The bill, which was introduced last month, doesn’t exactly say what a corporate law enforcement contact’s...more

Allen Matkins

Bill Threatens To Yank Qualification Upon Any Change In Management

Allen Matkins on

Sometimes, I run across bills that seem to defy rational explanation. AB 2610 (Holden) appeared to be one such bill. Under the California Corporate Securities Law of 1968, the offer and sale of securities must be...more

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