Is A Foreign Trust Required to File a Statement of Information?
By EsqSocial Corporation 20/04/21
The California General Corporation Law defines "foreign association" as a business organization organized as a trust under the laws of a foreign jurisdiction. Cal. Corp. Code § 170. For purposes of Chapter 21 of the GCL, a "foreign corporation" includes a foreign association, unless otherwise provided. Cal. Corp. Code § 171. Consequently, a foreign business trust that transacts intrastate business in California must obtain a certificate of qualification from the California Secretary of...
By: Allen Matkins