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CA AB2610
Bill
Status
Failed
11/30/2016
Primary Sponsor
Chris Holden
Click for details
AI Summary
- Increases the effective period for Small Corporate Offering Registration (SCOR) qualifications from 12 months to 36 months from the effective date
- Qualifications become ineffective if the issuer makes changes to board members, directors, officers, partners, members, or trustees after the initial 12-month period
- Allows issuers to requalify after such changes, with the new qualification remaining effective only for the remaining portion of the original 36-month period
- Clarifies that the changes do not modify existing qualification requirements under Sections 25111, 25112, or 25113
- Establishes that no state reimbursement to local agencies is required because any costs result from changes to criminal provisions in existing law
Legislative Description
Securities: qualification: period of effectiveness.
Last Action
From committee without further action.
11/30/2016
Committee Referrals
Banking and Finance3/10/2016
Full Bill Text
No bill text available