AB 161 California Assembly · 2009-2010 Regular Session

Corporations: notices and reports.

Summary

Existing law, the General Corporation Law, requires a corporation to give each shareholder a written notice prior to a shareholders' meeting. Existing law requires a corporate board to send a specified annual report to shareholders no later than 120 days after the close of the fiscal year, except as specified. This bill would provide that, where 2 or more shareholders have the same address on the books of the corporation, these requirements would be satisfied if, after receiving the consent of, or being requested by, those shareholders, the corporation sends a single written notice or report to the address of those shareholders.

Bill status failed 3 of 5 stages cleared

Introduction

Jan 2009

Committee Review

Jun 2009

Assembly Passage

Apr 2009

Senate Passage

Governor

Introduced Jan 27, 2009 Last action Nov 30, 2010

Floor votes · Assembly Apr 2, 2009

How they voted

57–0

Passed · 5 other

Total votes 62

Apr 2, 2009

D Democratic38

34 Yea 4

89% Yea

R Republican24

23 Yea 1

95% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 15, 2009

Upper · Passed

In committee: Set, second hearing. Hearing canceled at the request of author.

upper

Jun 8, 2009

Upper · Passed

In committee: Set, first hearing. Hearing canceled at the request of author.

upper

Apr 30, 2009

Committee

Referred to Com. on JUD.

upper

Apr 2, 2009

Assembly · Passed

Assembly Vote: pass (57-0-5)

assembly

Mar 25, 2009

Lower · Passed

Read second time and amended. Ordered returned to second reading.

lower

Mar 24, 2009

Introduced

From committee: Amend, and do pass as amended. To Consent Calendar. (March 23).

lower

Feb 26, 2009

Committee

Referred to Com. on B. & F.

lower

Jan 28, 2009

Lower · Passed

From printer. May be heard in committee February 27.

lower

1 primary · 0 co-sponsors