California 2019-2020 Regular Session Status: In Committee 1 D cosponsors

AB 2927 — California Revised Uniform Limited Liability Company Act: Secretary of State: filing procedures.

Last action — Referred to Com. on B. & F.

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

This bill died with 2019-2020 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

The California Revised Uniform Limited Company Act governs the formation and operation of limited liability companies (LLCs) , including executing and filing articles of organization with the Secretary of State. Existing law establishes procedures governing the use of the name of an LLC or foreign LLC authorized to transact business in this state. Existing law prohibits the name of an LLC from being a name that the Secretary of State determines is likely to mislead the public and requires that the name be distinguishable in the Secretary of State's records from other specified entities. This bill would require the Secretary of State, after accepting a filing of an articles of organization and determining that the filing does not comply with the above name requirements, to provide written notice to the LLC requesting an amendment, in accordance with specified timelines and procedures. The bill would require the Secretary of State, if the LLC has not submitted completed documentation to meet the amendment requirements, to send notice to the LLC that the next biennial statement of information shall not be accepted until the LLC either amends its name or submits appropriate documents to meet these requirements. The bill would also require the Secretary of State, if the issue of noncompliance is brought forward by a party other than the Secretary's office, to review the complaint and make a determination of its validity within 30 days after submittal of the complaint.

Bill Text

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Action History

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

  2. Read first time.

  3. From printer. May be heard in committee March 23.

  4. Introduced. 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.

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Subjects

finance labor
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Frequently asked questions

What does AB 2927 do?
The California Revised Uniform Limited Company Act governs the formation and operation of limited liability companies (LLCs) , including executing and filing articles of organization with the Secretary of State. Existing law establishes procedures governing the use of the name of an LLC or foreign LLC authorized to transact business in this state. Existing law prohibits the name of an LLC from being a name that the Secretary of State determines is likely to mislead the public and requires that the name be distinguishable in the Secretary of State's records from other specified entities. This bill would require the Secretary of State, after accepting a filing of an articles of organization and determining that the filing does not comply with the above name requirements, to provide written notice to the LLC requesting an amendment, in accordance with specified timelines and procedures. The bill would require the Secretary of State, if the LLC has not submitted completed documentation to meet the amendment requirements, to send notice to the LLC that the next biennial statement of information shall not be accepted until the LLC either amends its name or submits appropriate documents to meet these requirements. The bill would also require the Secretary of State, if the issue of noncompliance is brought forward by a party other than the Secretary's office, to review the complaint and make a determination of its validity within 30 days after submittal of the complaint.
Who sponsors AB 2927?
AB 2927 is sponsored by Cervantes, Sabrina (Democratic).
What is the current status of AB 2927?
This bill died with 2019-2020 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 AB 2927?
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