Tag Archives: Corporation

No Homestead Treatment for Property Owned by a Corporation [Florida]

In a recent case, residential property was owned by a corporation. The sole shareholder and president of the corporation resided on the property, and the corporation had attempted to convey the residence to the shareholder, but its deed was effective … Continue reading

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Swarming States Wield Dodd-Frank Against PHH Mortgage Corporation

Last week, regulators from 49 states and the District of Columbia announced a $45 million settlement with PHH Mortgage Corporation. Left unsaid was how that settlement would become legally enforceable and whether it would fully exonerate PHH. The answers to … Continue reading

Posted in Real Estate & Property Law | Tagged , , , , , , | Leave a comment

Congress' Attempt to Transfer Air Traffic Control to a Private Corporation Leaves a Great Deal to the Imagination

Up against a September 30th deadline for the passage of legislation before its recess, Congressman Bud Shuster introduced the 21st Century Aviation Innovation, Reform, and Reauthorization Act (“21st Century AIRR Act” or “Act”), H.R. 2997.  Although somewhat obscured by its … Continue reading

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Dead Zone? Direct Claims by Creditors of a California Corporation May Not Lie Against Managem

The California Court of Appeal recently rejected the argument that directors and officers owe fiduciary duties to the companys creditors when the company is in the so-called "zone of insolvency," or is even clearly insolvent. In Berg & Berg Enterprises, LLC … Continue reading

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A CSL Riddle – When Does A Corporation With Two Shareholders Have No Outstanding Shares?

The Riddle of the Sphinx Recently, I was fortunate to see an adaption of the play Trojan Women by Euripides performed at the amphitheater at the Getty Villa in Malibu. It was wonderfully magical to sit under a bright moon … Continue reading

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