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CA AB1331

Bill

Status

Failed

2/1/2018

Primary Sponsor

Mike Gipson

Click for details

Origin

State Assembly

2017-2018 Session

AI Summary

  • Extends the time period for individuals denied or having their gambling license revoked to sell their security in a licensed gambling corporation from 60 to 75 calendar days
  • Changes corporate notification requirement for changes in officers, directors, or key employees from 10 business days to 20 calendar days
  • Extends the deadline for officers, directors, and key employees to apply for individual gambling licenses from 30 to 40 calendar days after assuming their position
  • Applies these extended timelines to individuals required to be licensed under the Gambling Control Act when doing business on behalf of or with a corporation licensed as an owner of a gambling enterprise

Legislative Description

Gambling licenses: corporations.

Last Action

From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

2/1/2018

Committee Referrals

Governmental Organization3/20/2017

Full Bill Text

No bill text available