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CA AB1939
Bill
Status
Introduced
2/13/2026
Primary Sponsor
Heath Flora
Click for details
AI Summary
- Beginning January 1, 2028, licensed professional fiduciaries would be authorized to organize professional fiduciary professional corporations to provide fiduciary services under the Moscone-Knox Professional Corporation Act
- The Professional Fiduciaries Bureau would charge a regulatory fee of at least $1,000 for professional fiduciary corporations, not to exceed reasonable implementation costs
- Professional fiduciary corporations must register with the Secretary of State, and all individuals providing fiduciary services on behalf of the corporation must hold active licenses with the Bureau
- Licensees would be required to report additional information to the Bureau, including whether they are serving under a professional fiduciary corporation and details about any removals or complaints against such corporations
- Superior courts would be prohibited from appointing professional fiduciary corporations in certain matters, and improperly appointed corporations must immediately resign, waive compensation, and cooperate with appointing a successor
Legislative Description
Professional fiduciaries: corporate practice.
Last Action
Referred to Coms. on B. & P. and JUD.
3/2/2026
Committee Referrals
Business and Professions3/2/2026
Full Bill Text
No bill text available