California does not require corporations to indicate corporate status in their names, except for close corporations. The drafters of the 1977 revision of the California General Corporation Law considered the possibility of forcing all California corporations to have a name indicating corporate status, but decided against it because of the huge number of corporations that would have had to change their names, and the lack of any evidence that anyone had been harmed in California by entities whose corporate status was not immediately apparent from their names. However, the 1977 drafters were able to impose the current disclosure requirement for close corporations. See Harold Marsh, Jr., R. Roy Finkle, Larry W. Sonsini, and Ann Yvonne Walker, Marsh's California Corporation Law, 4th ed., vol. 1 (New York: Aspen Publishers, 2004), 5–15 — 5–16.
Hirst, Scott (2018-07-01). "The Case for Investor Ordering". The Harvard Law School Program on Corporate Governance Discussion Paper. 2017–13. Archived from the original on 2021-01-17. Retrieved 2020-11-16.
Cohen-Vrignaud, Gerard; Metz, Stephanie; Dunville, Jody; Heath, Shannon; McLeod, Julia P.; Powell, Kat; Robida, Brent; Stromski, John; Haynes, Brandon. "British East India Company". Archived from the original on 20 December 2016. Retrieved 19 January 2017.
Hirst, Scott (2018-07-01). "The Case for Investor Ordering". The Harvard Law School Program on Corporate Governance Discussion Paper. 2017–13. Archived from the original on 2021-01-17. Retrieved 2020-11-16.
Cohen-Vrignaud, Gerard; Metz, Stephanie; Dunville, Jody; Heath, Shannon; McLeod, Julia P.; Powell, Kat; Robida, Brent; Stromski, John; Haynes, Brandon. "British East India Company". Archived from the original on 20 December 2016. Retrieved 19 January 2017.