OF THE

STATE OF CALIFORNIA

1909

(Fifth Edition)

Citations are taken from the California Reports up to and including Volume 153, and from the California Appellate Reports up to and including Volume 7 thereof, and are followed by later citations as they occur in cases reported in the "California Decisions" and the "California Appellate Decisions" (issued by "Recorder" Co., San Francisco) up to June, 1909.

PREFACE.

DEPARTMENT OF STATE,

SACRAMENTO, CALIFORNIA.

The fifth edition of the Corporation Laws of California, as compiled by this department, is herewith presented to the public. In the beginning, the design of this publication was simply to put forth a compilation of the laws concerning merely the organization and government of private corporations, but as subsequent editions were issued and the demand for the book increased the scope of the work has been enlarged, and in addition many matters have been included which are of general interest as relating to the conduct and control of corporation business and affairs.

With the enormous growth in popularity and general use of the form of business organization known as the corporation, legislation concerning such organizations has increased in a corresponding degree. Nearly all present business legislation is to some extent corporation legislation. While the scope of this work has been considerably enlarged, yet in order to keep it within reasonable bounds the subjects included have been confined to those matters of legislation in which corporations have been specifically named, or, where not named, yet the regulations enacted seem to have been especially directed at private corporations. Some subjects also have been omitted which are handled by other departments of the state government, such as regulations of dairy products or pure food laws which come within the province of the state dairy bureau or the state board of health.

First of all are given those portions of the constitution of California which seem to have been taken as foundation stones upon which the superstructure of our corporation law has been erected by the various legislatures and sustained by the courts, and which seem to have served as direction or authority for such legislative or judicial action. Next are given those portions of the codes of California which deal with corporation affairs, and after that the statutes at large which deal especially with corporation interests.