California 2013-2014 Regular Session Status: Enacted

AB 457 — Shareholders.

Last action — Chaptered by Secretary of State - Chapter 109, Statutes of 2013.

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

This bill has been enacted into law. Introduced February 19, 2013. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Existing law sets forth requirements for the governance of various business entities, including, but not limited to, corporations. Existing law authorizes certain actions that may be taken at any annual or special meeting of shareholders to be taken with written consent of the shareholders outside of a meeting under specific requirements and circumstances. This bill would remove a requirement that unanimous written consent for a reorganization, as specified, be given at least 10 days before the consummation of that action.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 109, Statutes of 2013.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 2:40 p.m.

  4. In Assembly. Ordered to Engrossing and Enrolling.

  5. Read third time. Passed. Ordered to the Assembly. (Ayes 33. Noes 0. Page 1685.).

  6. Read second time. Ordered to third reading.

  7. From committee: Do pass. (Ayes 8. Noes 0.) (June 5).

  8. Referred to Com. on B. & F.I.

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

  10. Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 883.)

  11. Read second time. Ordered to third reading.

  12. From committee: Do pass. (Ayes 12. Noes 0.) (April 8).

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

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

  15. From printer. May be heard in committee March 22.

  16. Read first time. To print.

Sponsors

  • Torres · Primary

Sponsorship breakdown

Export CSV (upgrade) →

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

Sponsors (1)

  • Torres

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

3rd Reading AB457 Torres By Torres

Passed 33 Yea · 0 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 31004
Democratic 2001
Total 33005
% of votes cast 87%0%0%13%
How each member voted (38)
Member Party Vote
Anderson — Yea
Hernandez — Not Voting
Huff — Yea
Lieu — Yea
Nielsen — Yea
Roth — Yea
Walters — Yea
Wright — Yea
Cannella — Yea
Wyland — Yea
Beall — Yea
Block — Yea
Evans — Yea
Galgiani — Yea
Hancock — Yea
Hill — Yea
Hueso — Yea
Knight — Yea
Lara — Not Voting
Leno — Yea
Liu — Yea
Monning — Yea
De León — Not Voting
Pavley — Yea
Steinberg — Yea
Torres — Yea
Wolk — Yea
Corbett — Yea
Emmerson — Yea
Correa — Yea
DeSaulnier — Yea
Fuller — Yea
Yee — Not Voting
Beth Gaines — Yea
Bill Berryhill — Yea
Calderon, Lisa Democratic Not Voting
Jackson, Corey A. Democratic Yea
Padilla, Stephen C. Democratic Yea

Official roll call →

Do pass.

Passed 8 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 8000
Democratic 0001
Total 8001
% of votes cast 89%0%0%11%
How each member voted (9)
Member Party Vote
Beall — Yea
Hill — Yea
Roth — Yea
Lara — Yea
Walters — Yea
Hueso — Yea
Correa — Yea
Bill Berryhill — Yea
Calderon, Lisa Democratic Not Voting

Official roll call →

AB 457 TORRES Assembly Third Reading

Passed 75 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 65003
Democratic 7000
Republican 3001
Total 75004
% of votes cast 95%0%0%5%
How each member voted (79)
Member Party Vote
Achadjian — Yea
Alejo — Yea
Bloom — Yea
Blumenfield — Yea
Bradford — Yea
Brown — Yea
Buchanan — Yea
Mansoor — Yea
Nestande — Yea
Pan — Yea
Perea — Yea
Weber — Yea
Wilk — Yea
Williams — Yea
Gordon — Yea
Gorell — Yea
Hagman — Yea
Holden — Yea
Stone — Yea
Linder — Yea
Logue — Yea
Gray — Yea
Atkins — Yea
Medina — Yea
Mitchell — Yea
Bonilla — Yea
Melendez — Yea
Ammiano — Yea
Bigelow — Yea
Daly — Yea
Eggman — Yea
Nazarian — Yea
Olsen — Yea
Quirk — Yea
Skinner — Yea
Torres — Yea
Waldron — Yea
Gatto — Yea
Bocanegra — Yea
John A. Pérez — Yea
Salas — Yea
Harkey — Not Voting
Campos — Yea
Lowenthal — Not Voting
Jones-Sawyer — Yea
Chau — Yea
Levine — Yea
Maienschein — Yea
Morrell — Yea
Chesbro — Yea
Chávez — Yea
Conway — Yea
Cooley — Yea
Donnelly — Not Voting
Mullin — Yea
Rendon — Yea
Ting — Yea
Wagner — Yea
Wieckowski — Yea
Dickinson — Yea
Fox — Yea
Frazier — Yea
Yamada — Yea
Gomez — Yea
Hall — Yea
Beth Gaines — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Allen, Benjamin Democratic Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Fong, Mike Democratic Yea
Garcia, Robert Democratic Yea
Muratsuchi, Al Democratic Yea
Quirk-Silva, Sharon Democratic Yea
Dahle, Megan Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea
Patterson, Joe Republican Not Voting

Official roll call →

Do pass.

Passed 12 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 11000
Democratic 1000
Total 12000
% of votes cast 100%0%0%0%
How each member voted (12)
Member Party Vote
Achadjian — Yea
Blumenfield — Yea
Perea — Yea
Chau — Yea
Harkey — Yea
Dickinson — Yea
Linder — Yea
Morrell — Yea
Torres — Yea
Weber — Yea
Gatto — Yea
Bonta, Mia 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 457 do?
Existing law sets forth requirements for the governance of various business entities, including, but not limited to, corporations. Existing law authorizes certain actions that may be taken at any annual or special meeting of shareholders to be taken with written consent of the shareholders outside of a meeting under specific requirements and circumstances. This bill would remove a requirement that unanimous written consent for a reorganization, as specified, be given at least 10 days before the consummation of that action.
Who sponsors AB 457?
AB 457 is sponsored by Torres.
What is the current status of AB 457?
This bill has been enacted into law. Introduced February 19, 2013. Enacted.
Where can I track AB 457?
Track AB 457 free on One Click Politics — get push/email alerts when it moves.

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