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Publicly Held Corporations and Corporate Disclosure Statements

Monday, March 15, 2021 California s female and underrepresented communities quota requirements apply to publicly-held corporations .  California s Corporate Disclosure Statement requirement applies to publicly-traded corporations .  California s Secretary of State s website describes publicly held corporations as a subset of publicly traded corporations .  This is not strictly accurate.   Moreover, not ever foreign corporation meeting the definition of a publicly held corporation is required to file a Corporate Disclosure Statement pursuant to California Corporations Code Section 2117.1.  Why?  A foreign publicly held corporation is required to file a Corporate Disclosure Statement only if it has registered to transact intrastate business pursuant to Section 2117.  Some publicly-held corporations do not transact intrastate business in California.  They may, for example, simply be holding companies.  Under Section 191(b) a foreign corporation is not be co

Why All Publicly Held Corporations Do Not File Corporate Disclosure Statements | Allen Matkins

To embed, copy and paste the code into your website or blog: California s female and underrepresented communities quota requirements apply to publicly-held corporations .  California s Corporate Disclosure Statement requirement applies to publicly-traded corporations .  California s Secretary of State s website describes publicly held corporations as a subset of publicly traded corporations .  This is not strictly accurate.   Moreover, not ever foreign corporation meeting the definition of a publicly held corporation is required to file a Corporate Disclosure Statement pursuant to California Corporations Code Section 2117.1.  Why?  A foreign publicly held corporation is required to file a Corporate Disclosure Statement only if it has registered to transact intrastate business pursuant to Section 2117.  Some publicly-held corporations do not transact intrastate business in California.  They may, for example, simply be holding companies.  Under Section 191(b) a foreign

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