California 2009-2010 Regular Session Status: Passed Assembly

AB 161 — Corporations: notices and reports.

Last action — From Senate committee without further action.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2009-2010 Regular Session. It reached “Passed Assembly” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

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 Text

Action History

  1. From Senate committee without further action.

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

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

  4. Referred to Com. on JUD.

  5. In Senate. Read first time. To Com. on RLS. for assignment.

  6. Read third time, passed, and to Senate. (Ayes 75. Noes 0. Page 759.)

  7. Read second time. To Consent Calendar.

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

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

  10. Referred to Com. on B. & F.

  11. From printer. May be heard in committee February 27.

  12. Read first time. To print.

Sponsors

  • Adams · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

  • Adams

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

Show all 121 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

AB 161 ADAMS Consent Calendar Second Day Regular Session

Passed 87 Yea · 0 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 79005
Democratic 5000
Republican 3000
Total 87005
% of votes cast 95%0%0%5%
How each member voted (92)
Member Party Vote
Hall — Not Voting
Carter — Yea
Chesbro — Yea
Conway — Yea
Cook — Yea
Coto — Yea
Bill — Yea
Berryhill — Yea
Tom — Yea
Berryhill — Yea
Eng — Yea
Evans — Yea
Fuentes — Yea
Fuller — Yea
Charles — Yea
Furutani — Yea
Galgiani — Yea
Garrick — Yea
Hagman — Yea
De — Yea
La — Yea
Torre — Yea
De — Yea
Leon — Yea
Harkey — Yea
Hayashi — Yea
Fletcher — Yea
Gaines — Yea
Bonnie — Yea
Ammiano — Yea
Anderson — Yea
Beall — Yea
DeVore — Yea
Duvall — Yea
Huber — Yea
Huffman — Yea
Jeffries — Yea
Krekorian — Yea
Logue — Yea
V. — Yea
Manuel — Yea
Perez — Yea
John — Yea
A. — Yea
Perez — Yea
Portantino — Yea
Salas — Yea
Saldana — Yea
Audra — Yea
Yamada — Yea
Lieu — Not Voting
Ma — Not Voting
Mendoza — Yea
Miller — Yea
Nava — Yea
Nestande — Yea
Bass — Yea
Price — Yea
Silva — Yea
Skinner — Yea
Smyth — Yea
Solorio — Yea
Torlakson — Yea
Torres — Yea
Tran — Not Voting
Villines — Yea
Adams — Yea
Blakeslee — Yea
Block — Yea
Blumenfield — Yea
Brownley — Yea
Buchanan — Yea
Hernandez — Yea
Hill — Yea
Knight — Yea
Monning — Yea
Nielsen — Yea
Ruskin — Yea
Swanson — Yea
Torrico — Yea
Emmerson — Yea
Feuer — Yea
Davis — Not Voting
Gilmore — Yea
Arambula, Joaquin Democratic Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Yea
Fong, Mike Democratic Yea
Lowenthal, Josh Democratic Yea
Jones, Brian W. Republican Yea
Niello, Roger W. Republican Yea
Strickland, Tony Republican Yea

Official roll call →

Do pass as amended, to Consent Calendar.

Passed 10 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Democratic 1000
Unaffiliated 9001
Total 10001
% of votes cast 91%0%0%9%
How each member voted (11)
Member Party Vote
Gaines — Yea
Fuentes — Yea
Anderson — Yea
Mendoza — Yea
Nava — Yea
Ruskin — Not Voting
Tran — Yea
Swanson — Yea
Torres — Yea
Feuer — Yea
Fong, Mike Democratic Yea

Official roll call →

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does AB 161 do?
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.
Who sponsors AB 161?
AB 161 is sponsored by Adams.
What is the current status of AB 161?
This bill died with 2009-2010 Regular Session. It reached “Passed Assembly” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track AB 161?
Track AB 161 free on One Click Politics — get push/email alerts when it moves.

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