---
type: "Bill"
title: "Trust companies: investments."
description: "Trust companies: investments."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "19992000"
identifier: "AB 459"
citation: "California AB 459 (19992000)"
classification: ["bill"]
subjects: ["Trust companies: investments."]
status: "enacted"
primary_sponsors: ["Ackerman"]
version_count: 5
action_count: 20
vote_count: 5
first_action: "1999-02-16"
last_action: "1999-07-20"
source: "openstates"
source_identifier: "ocd-bill/d85164e1-59ff-43cb-a694-6ad6b98fa114"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=199920000AB459"
source_hash: "8b60d441a1a8e0ab766c1cf54d2258cd79aceb62a1bc73c6bcfef8a8431452ff"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California AB 459 (19992000) — Trust companies: investments.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/16/99 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=199920000AB459&version=19990AB45999INT)
2. **06/21/99 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=199920000AB459&version=19990AB45998AMD)
3. **07/20/99 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=199920000AB459&version=19990AB45996CHP)
4. **AB459** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=199920000AB459)
5. **07/06/99 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=199920000AB459&version=19990AB45997ENR)

## Votes

- AB 459 ACKERMAN THIRD READING — **pass** (pass) · lower
- AB 459 ACKERMAN CONCURRENCE — **pass** (pass) · lower
- Special Consent #17 AB459 Ackerman — **pass** (pass) · upper
- Do pass. — **pass** (pass) · upper
- Do pass. — **pass** (pass) · lower

## Sponsors

- Ackerman — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **1999-07-20** Chaptered by Secretary of State - Chapter 130, Statutes of 1999.
- **1999-07-19** Approved by the Governor. `executive-signature`
- **1999-07-08** Enrolled and to the Governor at 3:45 p.m.
- **1999-07-06** Senate amendments concurred in. To enrollment. (Ayes 71. Noes 1. Page 2888.) `committee-passage-favorable, amendment-passage`
- **1999-07-01** In Assembly. Concurrence in Senate amendments pending. May be considered on or after July 3 pursuant to Assembly Rule 77.
- **1999-07-01** Read third time, passed, and to Assembly. (Ayes 39. Noes 0. Page 2036.) `passage, reading-3, reading-1`
- **1999-06-28** Ordered to Special Consent Calendar.
- **1999-06-22** Read second time. To third reading. `reading-2, reading-1`
- **1999-06-21** Read third time, amended. To second reading. `reading-3, amendment-passage, reading-1`
- **1999-06-14** Read second time. To third reading. `reading-2, reading-1`
- **1999-06-10** From committee: Do pass. (Ayes 8. Noes 0.). `committee-passage, committee-passage-favorable`
- **1999-05-19** In committee: Hearing postponed by committee.
- **1999-04-21** Referred to Com. on F.,I. & I.T. `referral-committee`
- **1999-04-08** In Senate. Read first time. To Standing Committee on Rules for assignment. `reading-1`
- **1999-04-08** Read third time, passed, and to Senate. (Ayes 73. Noes 0. Page 955.) `passage, reading-3, reading-1`
- **1999-04-07** Read second time. To third reading. `reading-2, reading-1`
- **1999-04-06** From committee: Do pass. (Ayes 12. Noes 0.) (April 5). `committee-passage, committee-passage-favorable`
- **1999-03-01** Referred to Standing Committee on Banking and Finance. `referral-committee`
- **1999-02-17** From printer. May be heard in committee March 19.
- **1999-02-16** Read first time. To print. `reading-1`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/d85164e1-59ff-43cb-a694-6ad6b98fa114`. Confidence: reported (aggregated from official California legislature records).