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Corporations Code Beneficial Owner

BCLP

Corporate Transparency Wave: New York and Beyond - What Businesses Need to Know About the New or Proposed State Laws on Corporate...

BCLP on

The federal Corporate Transparency Act (the “CTA”) has prompted certain states to consider their own laws aimed at increasing the transparency of beneficial ownership. This article delves into the recently enacted New York...more

Allen Matkins

Beneficial Ownership Reporting May Soon Be Coming To California With A Brobdingnagian Price Tag!

Allen Matkins on

Beginning January 1, 2024, many companies became subject to the beneficial ownership reporting requirements of the Corporate Transparency Act.   The Financial Crimes Enforcement Network (FinCEN) estimated that the total costs...more

Allen Matkins

In California Not Every Beneficial Interest In A Trust Is A Security

Allen Matkins on

California's statutory definition of "security" lists by name two types of trust certificates - collateral trust certificates and voting trust certificates. Cal. Corp. Code § 25109. Both of these certificates are also found...more

Allen Matkins

When A Corporation Is A U.S. Government Agency

Allen Matkins on

One doesn't normally think of corporations as being agencies of the United States government. However, the California Corporations Code conclusively presumes that some corporations are agencies and instrumentalities of the...more

Allen Matkins

What Is So Beneficial About Beneficial Ownership?

Allen Matkins on

Shareholders are the persons who enjoy the most rights under the California General Corporation Law. A "shareholder" is not just anyone with rights in the shares, Corporations Code Section 185 defines a "shareholder" as "a...more

Allen Matkins

California’s Bizarre Voting Record Disclosure Requirements

Allen Matkins on

Section 711 of the California Corporations Code is so poorly drafted that it almost defies explanation. According to the legislature’s findings, the ostensible purpose of the statute is to facilitate the informed and active...more

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