- Stage
- Became law
- Started in
- Assembly
- Sponsor
- Committee on Judiciary
- Latest action
- Jul 12, 2019
What it does
Existing law regulates contracts and authorizes a non-negotiable written contract for the payment of money or personal property to be transferred by indorsement, in like manner with negotiable instruments. Under existing law, indorsement transferred all the rights of the assignor under the instrument to the assignee, subject to all equities and defenses existing in favor of the maker at the time of the indorsement.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Committee on Judiciary
In the news
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Where it goes next
It is law in California. What happens now is up to the agency that carries it out, the courts, and the place itself.