Joel Anderson
- Republican
Author
Existing law provides for the formation and operation of general corporations, and specifies that directors shall be elected to the board of directors at each annual meeting of shareholders to serve until the next annual meeting, except as provided for a publicly listed corporation. This bill would provide that a mutual water company incorporated as a general corporation may elect directors to staggered 4-year terms and allow the initially elected directors to determine by lot which of them shall instead serve a 2-year term, as specified. The bill would require the mutual water company to notify its shareholders, prior to the election, that the directors shall determine their terms by lot.
Chaptered by Secretary of State. Chapter 89, Statutes of 2011.
Approved by the Governor.
Enrolled and presented to the Governor at 11:30 a.m.
In Senate. Ordered to engrossing and enrolling.
Read third time. Passed. (Ayes 62. Noes 0. Page 2163.) Ordered to the Senate.
Read second time. Ordered to consent calendar.
From committee: Do pass. Ordered to consent calendar. (Ayes 11. Noes 0.) (June 27).
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 40. Noes 0. Page 907.) Ordered to the Assembly.
Ordered to special consent calendar.
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 7. Noes 0. Page 580.) (April 6).
Set for hearing April 6.
From printer. May be acted upon on or after March 22.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB918 | HTML |
| 02/18/11 - Introduced | |
| 04/13/11 - Amended Senate | |
| 07/01/11 - Enrolled | |
| 07/15/11 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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