Defining The Metes And Bounds Of A Director’s Absolute Right To Inspect
A year ago, I wrote this post discussing the Court of Appeal’s decision in Wolf v. CDS Devco, 185 Cal.App.4th 903 (2010). In that case, a director was removed shortly after filing an inspection demand...
View ArticleFederal Judge Refuses To Find That California “Can Have No Real Interest” In...
The geographic reach of California’s statutes continues to be tested in the courts. In a recent class action lawsuit challenging the defendants’ mortgage marketing and sales practices, the plaintiffs...
View ArticleWhere To Meet? The Answer May Have Surprising Consequences
In my experience, companies most often hold board and shareholder meetings at or near their principal executive offices. As a result, many corporations hold their meetings in California even though...
View ArticleThe Scope Of Stockholder Inspection In California And Delaware
Don’t peek at the statute, and answer the following question: A stockholder of a Delaware corporation has a statutory right to inspect a corporation’s (a) books of account; (b) accounting books and...
View ArticleWhen Is A Director’s Inspection Right Not Absolute?
California Corporations Code Section 1602 provides that every director “shall have the absolute right at any reasonable time to inspect and copy all books, records and documents of every kind . . .”....
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