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CA AB2426
Bill
Status
8/13/2010
Primary Sponsor
Steven Bradford
Click for details
AI Summary
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Establishes regulatory framework for surrogacy facilitators, defined as persons or organizations that advertise for assisted reproduction agreements, act as intermediaries, or charge fees for related services.
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Requires nonattorney surrogacy facilitators to direct clients to deposit all funds into either an independent, bonded escrow account or an attorney-maintained trust account.
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Prohibits nonattorney surrogacy facilitators from having financial interests in escrow companies holding client funds and prevents them from being agents of such companies.
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Restricts client fund disbursement to amounts specified in both the assisted reproduction agreement and fund management agreement, with exceptions for payments directly to medical doctors or psychologists for their services.
Legislative Description
Surrogacy facilitators.
Last Action
Chaptered by Secretary of State - Chapter 138, Statutes of 2010.
8/13/2010