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CA SB1532
Bill
AI Summary
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Standardizes business entity filing requirements by requiring initial street address and initial mailing address (if different) in articles of incorporation for corporations, nonprofits, cooperatives, and limited liability companies.
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Prohibits amendments or restatement of articles that add or alter initial street address, initial mailing address, first directors' names/addresses, or initial agent information, except to correct errors or delete information after filing required statements with Secretary of State.
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Applies same filing address restrictions to status-change amendments when entities convert between corporate forms (e.g., public benefit to mutual benefit corporation).
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Eliminates provisions governing special purpose corporations including bridge/ferry/wharf corporations and water/canal corporations.
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Revises Secretary of State filing procedures for federal lien notices and certificates, removes requirement to compare and certify copies of filings for free, and eliminates requirement to return statements to unincorporated associations.
Legislative Description
Business filings.
Last Action
Chaptered by Secretary of State. Chapter 494, Statutes of 2012.
9/23/2012