- Stage
- Failed
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Nov 30, 2010
What it does
Existing law provides that a discount buying organization is required to establish a trust account at a federally insured bank or savings and loan association for the deposit of contract payments, as specified. Existing law places certain restrictions on the ability of a discount buying organization to withdraw funds from this trust account. Existing law exempts an affiliate discount buying organization that meets certain requirements from these provisions, and specifies alternate trust account and trust funds withdrawal provisions for these affiliates.
Where it stands
This bill failed and is no longer moving.
Failed
This bill failed and is no longer moving.
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
Loading coverage…
Where it goes next
Once a bill is decided, the questions are about what is done with it in California.