Nonprofit Basics: How To Wind up a California Charity
Last summer, I noted that the California Secretary of State's form of certificate of cancellation for limited partnerships required the statement that upon filing a certificate of cancellation, a limited partnership's powers,...more
The California Corporations Code governs the birth and death of a wide variety of entities, including corporations, limited partnerships, and limited liability companies. The provisions relating to each of these types of...more
What law governs the relations among the partners of a limited partnership and what law governs the relations between the partners and a limited partnership? Section 15901.06 of the California Corporations Code provides a...more
The North Carolina's Supreme Court's recently issued opinion in Azure Dolphin, LLC v. Barton, 2018 N.C. LEXIS 1036 caught my eye because it involved an interpretation of California Corporations Code Section 15910.02 which...more
Although without a peradventure a general partnership requires at least two persons, is the same true of a California limited liability company? My answer is "no". In fact, Section 17704.01(a) of the California Corporations...more
The 79th Session of the Nevada Legislature enacted several meaningful amendments to Title 7 of the Nevada Revised Statutes (NRS), which governs business entities, including corporations, limited liability companies and...more
In preceding posts, I commented on the multifarious definitions of “person” in the Securities Act of 1933, the Exchange Act of 1934 and various laws within the California Corporations Code. As noted, the Corporations Code’s...more
For the first time in years, Washington’s cooperative statutes have been given a facelift. Effective January 1, 2016 (except certain provisions affecting Limited Liability Companies (LLCs)), Washington state has created a...more
The 78th Session of the Nevada Legislature made a number of changes to provisions of Title 7 of the Nevada Revised Statutes (NRS) governing business entities, including corporations, limited liability companies and limited...more
When does life begin for a California limited partnership? The California Uniform Limited Partnership Act of 2008 seems to provide an inconsistent answers. The first is found in Corporations Code Section 15902.01(a)....more