Shareholder Complaints
The Attorney General has authority under Corporations Code
section 1508 to intervene on behalf of shareholders in a
corporation who are denied
certain specified legal rights. Our intervention
takes the form of a "Notice of Complaint" letter
to the corporation.
If you would like to complain that a corporation
in which you hold shares has failed to hold annual
meetings of shareholders, failed to provide annual
financial statements for tax purposes, or failed
to provide other specific shareholder rights, you
may submit your complaint in writing to:
The
Office of the Attorney General
Public Inquiry
Unit
P.O. Box 944255
Sacramento, CA 94244-2550.
Please be sure to include an address for the
corporation and your own return address on your
written complaint.
After review of your complaint and if appropriate,
we will send our "Notice of Complaint" letter with
a copy of your complaint to the corporation and
direct it to respond both to our office and to you
within 30 days. We will also send you a copy of
our notice of complaint.
Many times our "Notice of Complaint" will be
sufficient to prompt a recalcitrant board of
directors to resolve your complaint. However, you
may wish to discuss your problem with your own
attorney.
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