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CA AB1781
Bill
Status
1/8/2018
Primary Sponsor
Marc Steinorth
Click for details
AI Summary
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Requires corporations to file annual statements with the Secretary of State containing director names, addresses, officer information, principal business office location, and general business type.
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Mandates the Secretary of State provide public access to annual statement information through an online database no later than December 31, 2019, while excluding residence addresses and personal signatures.
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Imposes a $5 disclosure fee on corporations filing annual statements, with half deposited to the Business Programs Modernization Fund and half to the Victims of Corporate Fraud Compensation Fund.
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Allows corporations with no changes to their information to submit a simplified notification instead of filing a complete new statement during their applicable filing period.
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Establishes the Business Programs Modernization Fund to support development and maintenance of the online database and modernization of Secretary of State business programs.
Legislative Description
Corporations: annual statement.
Last Action
In committee: Held under submission.
5/25/2018