News & Analysis as of

Foreign Corporations Secretary of State

Allen Matkins

Does Bill Authorizing The Secretary Of State To Cancel Corporations Have An Illegitimate Purpose?

Allen Matkins on

Recently, I wrote that California Senator Monique Limón had introduced legislation, SB 1186, that would allow the Secretary of State to cancel the articles of incorporation or the filing of a statement and designation by a...more

Allen Matkins

California Proposes Its Own Corporate Transparency Act For Non-California Corporations And Limited Liability Companies

Allen Matkins on

Earlier this week, Senator Melissa Hurtado amended her placeholding bill, SB 738, to flesh out her proposed Corporate Transparency Act.  As amended, the bill would require foreign corporations that register to transact...more

Allen Matkins

In This Case It May Have Been Better To Have Never Registered At All

Allen Matkins on

Section 2105 of the California Corporations Code prohibits a foreign corporation from transacting intrastate business in California without having first registered with the California Secretary of State.  A foreign...more

Allen Matkins

Section 2115's Peculiar Consolidation Rule

Allen Matkins on

Section 2115 of the California Corporations Code famously purports to impose numerous provisions of the General Corporation Law on foreign corporations if two tests are met.  One of these tests, the so-called "business...more

Allen Matkins

Why No Change Is Not An Option

Allen Matkins on

California permits foreign and domestic corporations to file a statement of statement of "No Change" (Form SI 550NC) if the following three conditions are met...more

Allen Matkins

Schrödinger's Cat And Merging Into A Foreign Corporation

Allen Matkins on

When a California corporation merges into a foreign corporation, the merger becomes effective in accordance with the law of the jurisdiction in which the surviving corporation is organized.  In California, the merger will be...more

Allen Matkins

Is A Foreign Trust Required to File a Statement of Information?

Allen Matkins on

The California General Corporation Law defines "foreign association"  as a business organization organized as a trust under the laws of a foreign jurisdiction.  Cal. Corp. Code § 170.  For purposes of Chapter 21 of the GCL, a...more

Allen Matkins

Why Some Annual Corporate Disclosure Statement Filings May Be More Than Annual

Allen Matkins on

Every publicly traded California corporation and every publicly traded foreign corporation that is registered with the California Secretary of State to transact intrastate business must file an annual Corporate Disclosure...more

Allen Matkins

Some Differences Between "Publicly Held" and "Publicly Traded" Corporations

Allen Matkins on

In this post, I questioned the accuracy of the California Secretary of State's definition of "publicly held corporation", a term that is used in both the female and underrepresented communities quota statutes.  Cal. Corp....more

Allen Matkins

Secretary Of State Charts California's Filing And Board Quota Requirements

Allen Matkins on

A California corporation or a foreign corporation that has registered to transact intrastate business in California may be required to file either one or two annual statements with the Secretary of State.  It may also be...more

Allen Matkins

Moving Your Principal Executive Office? Don't Forget To Make This Filing

Allen Matkins on

A foreign corporation registering to transact intrastate business in California must disclose, among other things - - The street address of its principal executive office. - The street address of its principal office in...more

Allen Matkins

How To Change A Foreign Corporation's State Or Place Of Domicile

Allen Matkins on

No statutory authority exists in California for a foreign corporation that is qualified to transact intrastate business in California to amend the state or place of domicile.  A foreign corporation desiring to make this...more

Allen Matkins

Secretary Of State Issues 2020 Women On Boards Report

Allen Matkins on

The legislation creating California's female director board quota requires the Secretary of State to publish on his Internet website a report no later than March 1, 2020 a report of the following...more

Allen Matkins

Are Some Publicly Held California Corporations Exempt From The State's Female Board Quota Law?

Allen Matkins on

Corporations Code Section 301.3(a) provides: "No later than the close of the 2019 calendar year, a publicly held domestic or foreign corporation whose principal executive offices, according to the corporation’s SEC 10-K...more

Allen Matkins

Serving Agents That Can't Be Found

Allen Matkins on

Yesterday's post discussed how to effect service on a foreign corporation. Two of three statutory options relate to service on an agent of the corporation. What if an agent cannot be found? Mirabile dictu! The GCL provides...more

Allen Matkins

Qualifying Your Delaware Trust In California

Allen Matkins on

I wrote that the California General Corporation Law defines "foreign corporation" to include, for some but not all purposes, business associations organized as trusts under the laws of a foreign jurisdiction.  Cal. Corp. Code...more

Allen Matkins

This Is One California Filing That A Foreign Corporation May Want To Make

Allen Matkins on

A foreign corporation that transacts intrastate business in California must first obtain a certificate of qualification from the California Secretary of State by filing a statement of designation. Cal. Corp. Code § 2105(a)....more

Allen Matkins

Key Unanswered Questions About California's Gender Quota Law

Allen Matkins on

The California legislature has directed the Secretary of State to publish a report by March of next year on the number of corporations that are in compliance with the state's unique board gender quota law. The legislature has...more

Allen Matkins

Publicly Held Corporations and Publicly Traded Corporations - Non Bis In Idem?

Allen Matkins on

California's new female director quota requirement applies to publicly held domestic or foreign corporations with their principal executive offices located in California. Cal. Corp. Code §§ 301.3 & 2115.5. California's older...more

Allen Matkins

Did The Secretary Of State Break The Law By Amending The Corporate Disclosure Form?

Allen Matkins on

California's Administrative Procedure Act requires that a state agency follow a rigorous notice and comment process when adopting a regulation. Although the APA broadly defines "regulation", forms are excepted. Gov't Code...more

Akin Gump Strauss Hauer & Feld LLP

The Export Control Reform Act and Possible New Controls on Emerging and Foundational Technologies

• ECRA became law on August 13, 2018. It is the permanent statutory authority for the EAR, which is administered by the U.S. Department of Commerce’s BIS. The new law codifies long-standing BIS policies and does not require...more

Allen Matkins

June 30 Deadline Looms For Foreign Lending Institutions

Allen Matkins on

California Corporations Code Section 191(d) provides that a “foreign lending institution” will not be considered to be “doing, transacting or engaging in business” in California solely by reason of engaging in specified...more

Allen Matkins

Unregistered Foreign LLCs – Are They In Violation?

Allen Matkins on

The California Revised Uniform Limited Liability Company Act (RULLCA), which took effect on January 1 of last year, is fraught with drafting mysteries.  Why, for example, did the legislature deem it necessary to change the...more

Allen Matkins

Legislature Imposes New Penalty On LLCs

Allen Matkins on

As I discussed in this earlier post, “transacting intrastate business” is not the same as “doing business” in this state. Foreign corporations and limited liability companies must register with the Secretary of State if they...more

Allen Matkins

Changes In California Business Entity Filings Take Effect Next Week

Allen Matkins on

The California Secretary of State has given notice of the following changes to business entity filings...more

25 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide