Civil Code Sections relating to General Releases Modified

Posted on February 28, 2019 by Richard Burt

On February 28, 2019, the Corporations Committee of the Business Law Section of the California Lawyers Association published an e-bulletin that I authored. The text of the e-bulletin, as submitted for publication, follows. With SB 1431 (chapter 157, statutes of … Continue reading →

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Legislature Expands Shareholder Inspection Rights

Posted on February 27, 2019 by Richard Burt

The Corporations Committee of the Business Law Section of the California Lawyers Association today published an e-bulletin, which I authored. The text follows: The legislature amended Corporations Code § 1601, which grants shareholders the right to inspect and copy corporate … Continue reading →

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Bad Corporate Practice Leads to Bad Result

Posted on February 19, 2019 by Richard Burt

I recently had a practice note published in the February 2019 eNews from the Business Law Section of the California Lawyers Association. What follows is the text that was submitted for publication. The Delaware Court of Chancery found that a stockholder … Continue reading →

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Delaware Court Upholds Non-Compete against California Employee

Posted on December 10, 2018 by Richard Burt

The following is the text of an e-bulletin that I wrote and that was published by the Corporations Committee of the Business Law Section of the California Lawyers Association. Patrick Miles, a California resident, was first hired in 2001 by … Continue reading →

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Administrative Dissolution of Corporations and LLCs Adopted in California

Posted on December 10, 2018 by Richard Burt

The following is the text of an e-bulletin that I wrote and that was published by the Corporations Committee of the Business Law Section of the California Lawyers Association. On September 22, 2018, Assembly Bill No. 2503 was signed into … Continue reading →

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Buy-Sell Agreements in the Articles of Incorporation

Posted on June 20, 2018 by Richard Burt

Under the Corporations Code, if there is a suit for involuntary dissolution, or if there is an election to dissolve voluntarily by shareholders representing only 50% of the voting power of the stock, the dissolution of the corporation and the … Continue reading →

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Business Law Attorney Richard Burt Helps Draft New Corporate Law

Posted on October 12, 2017 by Richard Burt

A corporation is typically dissolved when the shareholders holding shares that have 50% or more of the voting power elect to dissolve. When an order for relief has been entered under Chapter 7 of the U.S. Bankruptcy Code, the board … Continue reading →

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LLC Bound by Contract Even Though Contract Was Outside Its Purpose and Signatory Was Technically Not a Manager

Posted on March 11, 2017 by Richard Burt

The following is the text of an e-bulletin that I authored on apparent authority and that was published by the Corporations Committee of the Business Law Section of the State Bar of California. In  Western Surety Co. v. La Cumbre … Continue reading →

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Ownership of Passive LLC Interest in Manager-Managed LLC Not “Doing Business” in California

Posted on March 10, 2017 by Richard Burt

The following is the text of an e-bulletin that I authored and that was published by the Corporations Committee of the Business Law Section of the State Bar of California. In Swart Enterprises, Inc. v. Franchise Tax Board  (Jan. 12, … Continue reading →

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Individualized Promissory Note Held Not To Be a Security

Posted on March 10, 2017 by Richard Burt

The following is the text of an e-bulletin that I authored and that was published by the Corporations Committee of the Business Law Section of the State Bar of California. In People v. Black (Feb. 16, 2017), the court of … Continue reading →

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