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Trustees Corporations Code

Allen Matkins

Is A Trust Always A Person?

Allen Matkins on

Yesterday's post discussed Justice Grimes' opinion that while a trust must always act through a trustee, a trust is a "person" that may associate in a partnership under the California Uniform Partnership Act of 1994 (Cal....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

If It Doesn’t Sell Buckets, Is It Truly A Bucket Shop?

Allen Matkins on

An often overlooked corner of the California Corporations Code is the Bucket Shop Law, Cal. Corp. Code § 29000 et seq. The law quite literally criminalizes the keeping of a bucket shop: "Any person who . . . is the keeper of...more

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