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The Promote Ownership by Workers for Economic Recovery Act.

It became law on Sep 29, 2022.

CA AB 2849 · Assembly Bill · 2021–2022

Stage
Became law
Started in
Assembly
Sponsors
4
Latest action
Sep 29, 2022

What it does

Existing law, the Cooperative Corporation Law, authorizes the formation of a corporation for any lawful purpose that is organized and conducts its business primarily for the mutual benefit of its members as patrons of the corporation. Existing law authorizes a corporation organized under those provisions to elect to be governed as a worker cooperative, as specified.

Read the full text

Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Sep 29, 2022

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

The Promote Ownership by Workers for Economic Recovery Act. | 52