California 2011-2012 Regular Session Status: In Committee

SB 1226 — Professional fiduciaries.

Last action — Set, first hearing. Hearing canceled at the request of author.

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

This bill died with 2011-2012 Regular Session. It reached “In Committee” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 Professional Fiduciaries Act, provides for the licensure and regulation of professional fiduciaries by the Professional Fiduciaries Bureau within the Department of Consumer Affairs. The act defines a "professional fiduciary" to include a person who, among other things, acts as a trustee, agent under a durable power of attorney for health care, or an agent under a durable power of attorney for finances, for more than 3 individuals, at the same time. This bill would revise that definition to include a person who acts in those capacities pursuant to a nondurable power of attorney, unless the power of attorney is for a single act or between partners or coowners.

Bill Text

Action History

  1. Set, first hearing. Hearing canceled at the request of author.

  2. Set for hearing April 24.

  3. Re-referred to Com. on JUD.

  4. From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.

  5. Referred to Com. on RLS.

  6. From printer. May be acted upon on or after March 25.

  7. Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

Sponsorship breakdown

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

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

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"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

Subjects

finance healthcare
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Frequently asked questions

What does SB 1226 do?
Existing law, the Professional Fiduciaries Act, provides for the licensure and regulation of professional fiduciaries by the Professional Fiduciaries Bureau within the Department of Consumer Affairs. The act defines a "professional fiduciary" to include a person who, among other things, acts as a trustee, agent under a durable power of attorney for health care, or an agent under a durable power of attorney for finances, for more than 3 individuals, at the same time. This bill would revise that definition to include a person who acts in those capacities pursuant to a nondurable power of attorney, unless the power of attorney is for a single act or between partners or coowners.
Who sponsors SB 1226?
SB 1226 is sponsored by Beth Gaines.
What is the current status of SB 1226?
This bill died with 2011-2012 Regular Session. It reached “In Committee” 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 SB 1226?
Track SB 1226 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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