Court Rules That California Law Does Not Require Bank Directors And Officers To Act As Prudent Bankers
Must the banker be a better man than the law makes him?
Calcorporatelaw.com
I am a former California Commissioner of Corporations, retired corporate and securities lawyer, legal writer and commentator, and law school instructor.
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Who Is Potentially Subject To The Nevada Installment Loan and Finance Act?
“It is the purpose of this chapter to: (a) Bring under public supervision those engaged in the business of making loans . . . .” NRS 675.030(3)(a).
Is The "Nevada Installment Loan and Finance Act" Misnamed?
"Names are not always what they seem. The common Welsh name Bzjxxllwep is pronounced Jackson." Mark Twain, Following the Equator, Ch. 36.
Is Nevada Stifling The Development Of Delaware Corporate Law?
Much has been written about the existence of DExit - the reincorporation of Delaware corporations in other states, such as Nevada and Texas.
Did SB 21 Increase Or Decrease Corporate Value?
Was the juice worth the squeeze?
This Scenic Nevada River Is "All Right"
“This morning we continued our journey along this beautiful stream, which we naturally called the Salmon Trout river.
This Corporation Ratifies Possible Defective Acts, But What It Says Next Will Surprise You
If not "now", what is the point?
Loans Are Made, Not Begotten But By Whom?
Ποιηθέντα, οὐ γεννηθέντα
Why The Definition Of "Finance Lender" Is Akin To A Mathematical Impossibility
"His ego nec metas rerum nec tempora pono . . .".
California Department Of Real Estate - What I Missed In Yesterday's Post
In yesterday’s post, I posed the question of whether the California Department of Real Estate was violating the requirements of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA) and the California Administrative Procedure Act by not requiring licensee applicants to provide proof of legal presence.
Is The California Department Of Real Estate Violating Federal And State Laws?
"If the Government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy." Olmstead v. U.S., 277 US 438 (1928) (Brandeis, dissenting)
Forty Miles Of Famous
"Oh you don't know who will be listening to that little FM station . . ."
Why The Dropbox Defendants Have Not "Effectively Acted To Limit Inquiry Into Their Conduct"
Plaintiff's DExit Challenge Misses These Statutes
Does "Copying" Delaware Statutes Derogate From Nevada's Claim To A Stable And Predictable Corporate Law?
Yesterday’s post discussed a recently amended complaint filed by a union trust fund challenging the reincorporation of Dropbox, Inc.
Putting The Brakes On DExit May Result In Fewer Delaware Corporations
Are “billionaire bros’” attacking Delaware corporate law and the Delaware courts?
Some Tips On Avoiding California's Corporate Law
"You can check out any time you like, but you can never leave"
Same Parties Litigate Same Inspection Demand In California And Delaware - Why The Courts Came To Seemingly Different Conclusions
Foreign Corporations May Be Subject To Inspection Under California Law
Home Means Nevada At the Bowers Mansion
"The fountain, caught between the moon and the lights of the mansion, made confused shadows, which passed through one another upon the circular lawn."
Is The DFPI Committing A Crime By Asking About Criminal Charges?
If so, it is committing over 1,000 misdemeanors each year.
Don't Make This Common Blue Sky Law Mistake
"Blue skies smiling at me Nothing but blue skies do I see"
Is This DFPI Consent Order Nonsensical?
Beware of treating merged-out entities as if they continue to exist
Commissioner Enters Into Consent Order With Lutheran Nonprofit Organization
In 2024, more than 36% of all permits issued by the California Department of Financial Protection & Innovation for the offer and sale of securities under the Corporate Securities Law of 1968 (“CSL”) were issued to church extension funds. The amount sought to be raised by these funds exceeded $49.5 billion.
Is The Commissioner Of Financial Protection & Innovation Allowed To Be A Church Officer Or Member?
The California Corporate Securities Law of 1968 (“CSL”) provides:
Is Homer Precedential?
Ἄνδρα μοι ἔννεπε, μοῦσα, πολύτροπον . . .