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Subsidiaries Corporations Code

Smith Anderson

Recent Amendments to the North Carolina Business Corporation Act

Smith Anderson on

The North Carolina General Assembly recently approved Senate Bill 507 (the “Act”), which makes a number of significant changes to the North Carolina Business Corporation Act (“NCBCA”), and the governor signed the Act into law...more

Allen Matkins

Subsidiaries Domestic Or Foreign?

Allen Matkins on

Yesterday's post parsed the definition of "subsidiary" in Corporations Code Section 189. Because a subsidiary must be a corporation as defined in Section 162, a subsidiary cannot be a foreign corporation, as defined in...more

Allen Matkins

Why A Delaware Corporation Can Not Be A Subsidiary Of A California Corporation

Allen Matkins on

The California General Corporation Law defines a "subsidiary" of a specified corporation to be a "corporation shares of which possessing more than 50% of the voting power are owned directly or indirectly through one or more...more

Allen Matkins

A Subsidiary Post

Allen Matkins on

Not too long ago, I wrote about the Securities and Exchange Commission’s confusing classification of subsidiaries. See The Case Of The Wholly Owned, But Not Totally Held, Subsidiary That May Or May Not Be 100% Owned. Since...more

Allen Matkins

Court Rejects Challenge To Internal Affairs Doctrine

Allen Matkins on

Marvell Technology Group, Ltd. is a publicly traded company that is incorporated in Bermuda. Marvell’s U.S. operating subsidiary is based in California. A year ago, an institutional stockholder filed a derivative suit...more

Allen Matkins

9th Circuit Holds Subsidiary Could Be The General Manager Of Its Parent

Allen Matkins on

Section 2110 of the California Corporations Code governs service of process on a foreign corporation. One means of valid service under the statute is by delivering process by hand to the corporation’s general manager in...more

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