Matt Haney
- Democratic
- Assemblymember
- District 17
Author
Existing law sets forth certain requirements and other provisions applicable to unincorporated associations, including nonprofit associations, as those terms are defined. This bill would add provisions governing decentralized nonprofit associations, defined as an unincorporated association consisting of at least 100 members with a primary common purpose other than to operate a business for profit whose governance and operations are reliant, in full or in part, on a blockchain or other distributed ledger technology, as defined. Under the bill, an action against a decentralized nonprofit association may be brought in the county where it has appointed an agent for service of process. The bill would authorize a member of a decentralized nonprofit association to transfer their membership interest or rights. The bill provides that a member, administrator, or agent is not liable for a debt, obligation, or liability of the decentralized nonprofit association, including a contractual liability, unless specified conditions are met.
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
From committee: Do pass and re-refer to Com. on JUD. (Ayes 10. Noes 1.) (April 24). Re-referred to Com. on JUD.
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
From printer. May be heard in committee March 19.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1229 | HTML |
| 02/16/23 - Introduced | |
| 03/23/23 - Amended Assembly |
| Document | Format |
|---|---|
| 04/21/23- Assembly Banking and Finance |
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