California Legislature Approves more than 90 changes to State’s Business Entity Laws

By Eric Geringswald | CSC

More than 90 sections of California’s Corporations Code and related codes were added or amended during the 2023 legislative session, including laws regarding meetings, contracts, fictitious business names, ratification or validation of noncompliant corporate actions, and a new division in the Uniform Commercial Code regulating transactions involving “controllable electronic records,” including cryptocurrencies and non-fungible tokens (NFTs).

California Laws Governing Business Entities Annotated

The changes are captured in the 2024 Edition of California Laws Governing Business Entities Annotated, releasing this month from CSC Publishing in collaboration with LexisNexis.

The 2024 Edition includes a Table of Sections Affected listing all legislative changes, as well as Blackline Amendment Notes that indicate exactly how the laws have changed. Legislative Analysis summarizes the most important changes to the law.

Sixty new case notes from state and federal courts interpreting the law have been included in this edition, as well as five full-text cases discussing the latest legal developments regarding standing, inspection of records, duties of directors, alter ego liability, and LLC operating agreements. New cases are listed in the Table of New Annotations and marked with gray bars in the body of the book.

California Corporations Law

Readers also get online access to more than 190 state and county forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all business entity types via the LexisNexis^®Bookstore download center. A listing of forms and contact information for the California Secretary of State are included in the book’s appendix.

There’s also an up-to-date California Fee Schedule showing required fees for business filings with the Secretary of State.

As with CSC’s other annotated statutory collections, California Laws Governing Business Entities Annotated is also available as an ebook and is part of the LexisNexis^® Digital Library.

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