- Stage
- Failed
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- Feb 1, 2018
What it does
The Gambling Control Act, among other things, provides the qualifications and procedures for a corporation to be licensed as the owner of a gambling enterprise and requires shareholders, lenders, and holders of evidence of indebtedness, among other types of individuals doing business on behalf of or with the corporation to be licensed individually. An individual who owns any security issued by a licensed corporation and who has been denied a license or had a license revoked is required to sell the security for an amount not greater than fair market value within 60 calendar days of the license denial or revocation, unless that 60-day time period is extended, as specified.
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.