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Corporations: dissolution: bankruptcy.

It became law on Sep 23, 2017.

CA SB 340 · Senate Bill · 2017–2018

Stage
Became law
Started in
Senate
Sponsor
1
Latest action
Sep 23, 2017

What it does

Under existing law, any domestic corporation, with respect to which a proceeding has been initiated under any applicable statute of the United States relating to reorganizations of corporations, has full power and authority to put into effect and carry out any plan of reorganization and the orders of the court or judge entered in that proceeding and is authorized to take any proceeding and do any act provided in the plan or directed by those orders, without further action by its board or shareholders. Existing law requires a certificate of dissolution to be filed and to become effective in accordance with its terms and specified provisions. Existing law also requires that certificate to be…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Sep 23, 2017

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Corporations: dissolution: bankruptcy. | 52