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CA SB920

Bill

Status

Passed

7/20/2018

Primary Sponsor

Anthony Cannella

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Origin

Senate

2017-2018 Session

AI Summary

  • Extends authorization for licensed engineers, land surveyors, and architects to form registered and foreign limited liability partnerships until January 1, 2026 (previously set to expire January 1, 2019).

  • Requires these professional limited liability partnerships to maintain security of at least $2,000,000 for claims arising from professional practice, with options including insurance policies, cash escrow, partner guarantees, or net worth confirmation.

  • Removes architecture from the list of professional limited liability partnership services allowed after January 1, 2026, while maintaining authorization for public accountancy and law practices.

  • Modifies Corporations Code definitions and registration requirements for limited liability partnerships to align with extended authorization period and profession-specific rules.

Legislative Description

Engineering, land surveying, and architecture: limited liability partnerships.

Last Action

Chaptered by Secretary of State. Chapter 150, Statutes of 2018.

7/20/2018

Committee Referrals

Appropriations6/19/2018
Business and Professions5/31/2018
Appropriations4/26/2018
Judiciary4/9/2018
Business, Professions and Economic Development2/1/2018
Rules1/23/2018

Full Bill Text

No bill text available