A new Section 119 has been added to the California Corporations Code (the “CCC”). Section 119 provides for corporate ratification and judicial validation of noncompliant corporate actions, as an analogue to Section 78.0296 of the Nevada Revised Statutes (the Nevada Law) and Sections 204 and 205 of the Delaware General Corporation Law (the Delaware Law). In a previous article, the authors provided an overview of the background, framework, and key provisions of Section 119 in a previous legislative session. This latest article, co-authored by Wilson Sonsini partner Julia Reigel and published by Wolters Kluwer, is intended to provide a practical perspective on the processes for implementing corporate self-help and seeking judicial relief under Section 119.

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