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The Department of Corporations was originally known as the "State Corporation Department" and was created by the "Investment Companies Act". [1] Governor Hiram Johnson appointed H.L. Carnahan as California's first Commissioner of Corporations in 1914. The Investment Companies Act faced immediate opposition but was approved by the voters in a ...
Williams Act; Long title: An act providing for full disclosure of corporate equity ownership of securities under the Securities Exchange Act of 1934: Enacted by: the 90th United States Congress: Effective: July 29, 1968: Citations; Public law: 90-439: Statutes at Large: 82 Stat. 455: Codification; Titles amended: 15: Legislative history
In 1909, California passed the Bank Act, creating the State Banking Department. By doing this, California looked to protect depositors and ensure responsible regulation within the banking system. In 1913, the California Legislature enacted the Investment Companies Act, which created the State Corporations Department.
Every state and territory has its own basic corporate code, while federal law creates minimum standards for trade in company shares and governance rights, found mostly in the Securities Act of 1933 and the Securities and Exchange Act of 1934, as amended by laws like the Sarbanes–Oxley Act of 2002 and the Dodd–Frank Wall Street Reform and ...
The California Corporate Disclosure Act was an act written by California Assemblyman Kevin Shelley and signed into law by California governor Gray Davis in September ...
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In turn, it was the California Practice Act that served as the foundation of the California Code of Civil Procedure. New York never enacted Field's proposed civil or political codes, and belatedly enacted his proposed penal and criminal procedure codes only after California, but they were the basis of the codes enacted by California in 1872. [11]
The officeholder is also responsible for disclosure of campaign and lobbyist financial information, under the California Political Reform Act of 1974. Corporations The Office of the Secretary of State has a number of responsibilities related to corporations; the largest portion office is the Business Programs Division, which handles corporate ...