• California Corporate Disclosure Act Becomes Effective January 1, 2003
  • August 12, 2003 | Authors: Jill R. Sheiman; Michael D. Thompson; Charles J. McCarthy; Jerry J. Burgdoerfer
  • Law Firm: Jenner & Block LLP - Chicago Office
  • On January 1, 2003 the California Corporate Disclosure Act (the "Disclosure Act") will become effective. The Disclosure Act, among other things, amends Sections 1502 and 2117 of the California General Corporation Law to increase the frequency of corporate filings for domestic and foreign corporations and imposes additional disclosure requirements on "publicly traded" companies that are either organized under California law or qualified to conduct business in California as a foreign corporation.