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Allen Matkins

Does The State Make Or Beget Corporations?

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To non-lawyers, a "person" is usually understood to refer to a human being.  At law, entities such as corporations and limited liability persons are often endowed with personhood.  See, e.g., Cal. Corp. Code § 18 ("'Person'...more

Allen Matkins

Nevada Supreme Court Holds Conversion Vests Converting Corporation's Nevada Business License In Converted LLC

Allen Matkins on

NRS 107.028 lists a number of different categories of persons who may serve as trustee under a deed of trust.  One category is domestic or foreign entity which holds a current state business license issued by the Secretary of...more

Allen Matkins

Securities Claim Fails Because Option Exercise Is Not A Sale

Allen Matkins on

A recent decision by the Nevada Supreme Court highlights the definition of "sale" in Section 25017 of the California Corporations Code.  The suit arose from the plaintiff's claim that certain facts were not disclosed to him...more

Allen Matkins

Nevada Supreme Court Finds California Precedent "Persuasive" In Appeal Of Derivative Action

Allen Matkins on

What, if any, is the standing of a corporation in a derivative action?  Until this month, that question was yet to be addressed by the Nevada Supreme Court.  We now have an answer....more

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