Brian Maienschein
- Democratic
Author
Existing law, the Nonprofit Corporation Law, regulates the organization and operation of nonprofit public benefit corporations, nonprofit mutual benefit corporations, and nonprofit religious corporations. The Nonprofit Corporation Law, with respect to nonprofit public benefit corporations and nonprofit mutual benefit corporations, requires directors to be elected for terms of not longer than 4 years, as fixed in the articles or bylaws of the corporation, except in certain circumstances. This law, with respect to nonprofit religious corporations, allows the articles or bylaws to provide for the tenure of directors, and in the absence of any provision in the articles or bylaws, provides for a one-year term. The Cooperative Corporation Law regulates the organization of consumer cooperatives, worker cooperatives, and various other types of cooperatives. This law also requires directors to be elected for terms not longer than 4 years, as fixed in the corporation's articles or bylaws, subject to certain exceptions and conditions. This bill would permit all or a portion of the directors of any of the above types of corporations, if authorized in the articles or bylaws for the specific corporation, to hold office ex officio by virtue of occupying a specified position, either within or outside of the corporation. The bill would require the term of office of ex officio directors to coincide with their respective term of office for the position entitling them to serve on the board of directors, and to meet other specified conditions regarding their resignation or removal. The bill would also make various nonsubstantive and clarifying changes to these laws.
Chaptered by Secretary of State - Chapter 322, Statutes of 2018.
Approved by the Governor.
Enrolled and presented to the Governor at 4:30 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 80. Noes 0. Page 6356.).
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 16 pursuant to Assembly Rule 77.
Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 5286.).
Ordered to special consent calendar.
Read second time. Ordered to third reading.
Withdrawn from committee.
Ordered to second reading.
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (June 26). Re-referred to Com. on APPR.
Read second time and amended. Re-referred to Com. on JUD.
From committee: Amend, and do pass as amended and re-refer to Com. on JUD. (Ayes 6. Noes 0.) (June 6).
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 71. Noes 0. Page 4791.)
Read second time. Ordered to Consent Calendar.
From committee: Do pass. To Consent Calendar. (Ayes 15. Noes 0.) (April 11).
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (April 2). Re-referred to Com. on APPR.
From printer. May be heard in committee March 18.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB2557 | HTML |
| 02/15/18 - Introduced | |
| 05/24/18 - Amended Senate | |
| 06/12/18 - Amended Senate | |
| 08/22/18 - Enrolled | |
| 09/10/18 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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