Tom Umberg
- Democratic
- Senator
- District 34
Author
Existing law specifies the process by which a corporation may be converted into a domestic other business entity if specified conditions are met. This bill would instead provide that this process applies to the conversion of a corporation into a domestic other business entity, foreign other business entity, or foreign corporation, as specified. The bill would define terms for purposes of these provisions, make other conforming changes, and establish the means by which an obligation of a corporation that has converted to a foreign corporation or foreign other business entity may be enforced. Existing law requires a corporation that desires to convert to a domestic other business entity to approve a plan of conversion that includes, among other things, the jurisdiction of organization of the converted entity after conversion. This bill would require a corporation to also provide the name and form after conversion. Existing law authorizes the Secretary of State to charge a fee to an entity not exceeding $150 for its conversion made under these provisions. This bill would remove the authorization of the Secretary of State to charge a fee for corporate conversions.
Approved by the Governor.
Chaptered by Secretary of State. Chapter 237, Statutes of 2022.
Enrolled and presented to the Governor at 12:30 p.m.
Assembly amendments concurred in. (Ayes 36. Noes 0. Page 4851.) Ordered to engrossing and enrolling.
In Senate. Concurrence in Assembly amendments pending.
Read third time. Passed. (Ayes 76. Noes 0. Page 5826.) Ordered to the Senate.
Read second time. Ordered to consent calendar.
From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (August 3).
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 11. Noes 0.) (June 28). Re-referred to Com. on APPR.
From committee: Do pass and re-refer to Com. on JUD. with recommendation: To consent calendar. (Ayes 10. Noes 0.) (June 20). Re-referred to Com. on JUD.
Re-referred to Coms. on B. & F. and JUD. pursuant to Assembly Rule 96.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 36. Noes 0. Page 2801.) Ordered to the Assembly.
Read second time. Ordered to third reading.
Ordered to second reading.
From inactive file on motion of Senator Hertzberg.
Ordered to inactive file on request of Senator Umberg.
Ordered to special consent calendar.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 7. Noes 0. Page 1180.) (May 20).
Set for hearing May 20.
May 17 hearing: Placed on APPR suspense file.
Set for hearing May 17.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 1044.) (May 6).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
Set for hearing May 6.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
From committee: Do pass and re-refer to Com. on GOV. & F. (Ayes 14. Noes 0. Page 573.) (March 22). Re-referred to Com. on GOV. & F.
Set for hearing March 22.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on B., P. & E.D.
March 8 set for first hearing canceled at the request of author.
Set for hearing March 8.
Referral to Com. on G.O. rescinded because of the limitations placed on committee hearings due to ongoing health and safety risks of the COVID-19 virus.
Re-referred to Coms. on B., P. & E.D., GOV. & F., and G.O.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer. May be acted upon on or after January 7.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB49 | HTML |
| 12/07/20 - Introduced | |
| 02/01/21 - Amended Senate | |
| 03/08/21 - Amended Senate | |
| 04/06/21 - Amended Senate | |
| 04/29/21 - Amended Senate | |
| 05/11/21 - Amended Senate | |
| 05/09/22 - Amended Assembly | |
| 08/18/22 - Enrolled | |
| 09/02/22 - Chaptered |
| Document | Format |
|---|---|
| 03/19/21- Senate Business, Professions and Economic Development | |
| 05/03/21- Senate Governance and Finance | |
| 05/14/21- Senate Appropriations | |
| 05/22/21- Sen. Floor Analyses | |
| 01/13/22- Sen. Floor Analyses | |
| 06/16/22- Assembly Banking and Finance | |
| 06/24/22- Assembly Judiciary | |
| 08/01/22- Assembly Appropriations | |
| 08/12/22- Sen. Floor Analyses |
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