November 26, 2020

Volume X, Number 331

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One More Reason For Foreign Corporations To Not Have Any Office In California

Chapter 22 of the California General Corporation Law specifies a number of crimes that may be committed by corporations and/or their directors, officers or agents.  The penalties for some violations can be significant.  For example, a director, officer or agent of a corporation who refuses to post any notice required by law in the manner required by law can be convicted of a felony.  Cal. Corp. Code § 2254.  The fact that corporation is a foreign corporation is not a defense if it was "carrying on business or keeping an office therefor within California.  Cal. Corp. Code § 2260.  Note that in this case, the statute does not required that office be a corporation's principal executive office.

© 2010-2020 Allen Matkins Leck Gamble Mallory & Natsis LLP National Law Review, Volume X, Number 324
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About this Author

Keith Paul Bishop, Corporate Transactions Lawyer, finance securities attorney, Allen Matkins Law Firm
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Keith Bishop works with privately held and publicly traded companies on federal and state corporate and securities transactions, compliance, and governance matters. He is highly-regarded for his in-depth knowledge of the distinctive corporate and regulatory requirements faced by corporations in the state of California.

While many law firms have a great deal of expertise in federal or Delaware corporate law, Keith’s specific focus on California corporate and securities law is uncommon. A former California state regulator of securities and financial institutions, Keith has decades of...

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