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Residual risk is defined in this context as the risk associated with differences between the stochastic inflows of assets into the organization and precedent agents' claims on the organization's cash flows. Precedent agents' claims on an organization's cash flows can consist of e.g. employees' salaries, creditors' interest or the government's ...
The California Code of Regulations (CCR, Cal. Code Regs. ) is the codification of the general and permanent rules and regulations (sometimes called administrative law ) announced in the California Regulatory Notice Register by California state agencies under authority from primary legislation in the California Codes .
As noted above, the initial four codes were not fully comprehensive. As a result, California statutory law became disorganized as uncodified statutes continued to pile up in the California Statutes. After many years of on-and-off Code Commissions, the California Code Commission was finally established as a permanent government agency in 1929.
Legal treatises are one of the most important sources of secondary authority about California law. These texts are expressly recognized as a source of 'unwritten law' by California's Code of Civil Procedure. [15] The two most influential treatises are published by The Witkin Legal Institute Summary of California Law and The Rutter Group. [16]
The Legal Division serves as in-house legal counsel for all of the department's programs and also regulates the offer and sale of securities and franchises. Consumer Services The Consumer Services Office is the main point of contact for Californians filing a complaint with the department or requesting additional information about licensees.
While the decision of the Court did not rest on the Fourteenth Amendment, an argument on this ground had been delivered by the defense: That the provisions of the Constitution and laws of California in respect to the assessment for taxation of the property of railway corporations operating railroads in more than one county, are in violation of the Fourteenth Amendment of the Constitution ...
The corporation must pay its shareholder(s) compensation as bonuses equal to or less than the payment made in the prior tax year, or 95% of the corporations taxable income earned in the taxable year ended December 31. [11] Consequently, a loan-out corporation experiencing increasing revenues will benefit from the use of fiscal year tax deferral.
Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. [1]