Legislature – Page 56 – California Globe

Authority of the Corporations Commissioner

July 3, 2026 2:00 pmJuly 3, 2026 2:28 pm

Chapter 5 of Part 2 of Division 1 of Title 4 of the Corporations Code deals with the authority of the Commissioner of the Department of Corporations in California. Section 25140 authorizes the commissioner to issue a stop order denying...

Ro Khanna’s New ‘Social Contract’: Wealth Confiscation Masquerading as Moral Philanthropy

July 3, 2026 1:55 pmJuly 3, 2026 2:19 pm

Rep. Ro Khanna (D-CA) used his Substack platform on July 2 to lay out what he described as the “philosophical case for tax fairness and taxing billionaire wealth,” framing the proposal as a voluntary-sounding “new social contract” between society and...

Gavin Newsom Ally Wore FBI Wire in Corruption Probe Targeting Former Chief of Staff

July 3, 2026 9:13 amJuly 3, 2026 9:13 am

A longtime Gavin Newsom appointee and Democratic power broker secretly wore an FBI wire and recorded conversations as part of a federal public corruption investigation that began with the governor’s inner circle and has since expanded Newsom and his wife,...

Leaving California: International Paper Closing Plant in Elk Grove

July 3, 2026 7:30 amJuly 3, 2026 7:31 am

International Paper just announced that it will permanently close its converting and container plant in Elk Grove, California, as part of a broader North America packaging network streamlining. IP, a Memphis, Tennessee company, said the closure of plants in California,...

California Makes History: America 250 Lights Up the State Capitol

July 3, 2026 7:00 amJuly 3, 2026 9:14 am

On the evening of July 1, California made history on the West Steps of the State Capitol. Hosted by Assemblyman Jeff Gonzalez (R-Indio) and his staff, alongside members of the newly formed California Legislative Veteran Caucus, the America 250 Capitol...

The Scott Wiener Paradox: Champion on Paper, Disappointment on Pavement

July 3, 2026 6:00 amJuly 3, 2026 6:01 am

Scott Wiener has long positioned himself as San Francisco’s indefatigable champion of housing abundance, gleaming transit, restored public safety, and uncompromising LGBTQ+ advocacy. He wears the crown well in press releases. The results, however, tell a different story, one of...

Laws of Benefit Corporations

July 3, 2026 2:30 amJuly 3, 2026 2:31 am

Corporations Code Title 1, Division 3, Part 13 deals with benefit corporations in California. Chapter 2 contains corporate purposes. Section 14610 requires a benefit corporation to have the purpose of creating general public benefit. This purpose is in addition to,...