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CA AB2106
Bill
Status
9/23/2016
Primary Sponsor
Jacqui Irwin
Click for details
AI Summary
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Requires sellers of travel to file the name, address, telephone number, and file number (assigned by Secretary of State or Franchise Tax Board) of sole members of LLCs or sole shareholders of S corporations with which they contract.
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Prohibits registration issuance, approval, or renewal until sellers of travel pay any outstanding assessments due to the Travel Consumer Restitution Corporation.
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Expands registration suspension grounds to include failure to provide the file number assigned by the Secretary of State or Franchise Tax Board.
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Expands restitution fund eligibility to include persons aggrieved by sellers of travel who were paid-up participants at any time during the 18-month period before sale through the expiration of the applicable filing deadline, rather than only at the time of sale.
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Extends exemptions from registration requirements to include single-member LLCs and single-shareholder S corporations (in addition to individuals) that meet specified conditions and contract with registered sellers of travel.
Legislative Description
Sellers of travel: registration.
Last Action
Chaptered by Secretary of State - Chapter 517, Statutes of 2016.
9/23/2016