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Test Your Knowledge Of California Corporate Law!

Over the years, I've made mental notes of some obscure California corporate law questions.  Can you identify the following types of corporations corporations?

  • At least five persons are required to form this type of corporation.  
  • Within six months of taking office, board members of this type of corporation must receive at least two hours training from a qualified trainer.  
  • Any superior court judge in the county in which this type of corporation has its principal office has access "at all times" to its books.
  • The Bylaws of this type of corporation must authorize the removal of officers only by a two-thirds vote of the directors. 
  • Any person who willfully and maliciously injures the property of this type of corporation may be liable for three times the amount of actual damages.

Answers in tomorrow's post.

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About this Author

Keith Paul Bishop, Corporate Transactions Lawyer, finance securities attorney, Allen Matkins Law Firm
Partner

Keith Paul Bishop is a partner in Allen Matkins' Corporate and Securities practice group, and works out of the Orange County office. He represents clients in a wide range of corporate transactions, including public and private securities offerings of debt and equity, mergers and acquisitions, proxy contests and tender offers, corporate governance matters and federal and state securities laws (including the Sarbanes-Oxley Act of 2002 and the Dodd-Frank Act), investment adviser, financial services regulation, and California administrative law. He regularly advises clients...

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