(1) The Corporate Securities Law of 1968 provides for the regulation of the issuance of corporate securities. The law requires an offer or sale of a security that is exempt from registration under the federal Securities Act of 1933 to meet specified requirements, including filing a notice with the Commissioner of Corporations. Commencing on July 1, 2013, various duties of the Commission of Corporations under this law are transferred to the Commissioner of Business Oversight.
California SB 538 (20132014) — The Corporate Securities Law of 1968.
(1) The Corporate Securities Law of 1968 provides for the regulation of the issuance of corporate securities. The law requires an offer or sale of a security that is exempt from registration under the federal Securities Act of 1933 to meet specified requirements, including filing a notice with the Commissioner of Corporations. Commencing on July 1, 2013, various duties of the Commission of Corporations under this law are transferred to the Commissioner of Business Oversight.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
SB 538 Hill Senate Third Reading By CHAU — 68–1 (pass) · lower
Do pass and be re-referred to the Committee on Appropriations. — 9–1 (pass) · lower
Do pass. — 13–0 (pass) · lower
3rd Reading — 27–6 (pass) · upper
Do pass, but re-refer to the Committee on Appropriations. — 8–0 (pass) · upper
Sponsors
Hill — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2013-02-22 Introduced. To Com. on RLS. for assignment. To print. introduction
2013-02-23 From printer. May be acted upon on or after March 25.
2013-02-25 Read first time. reading-1
2013-03-11 Referred to Com. on B. & F.I. referral-committee
2013-03-12 Set for hearing April 3.
2013-04-01 From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I. committee-passage, amendment-passage, reading-2, reading-1, referral-committee
2013-04-03 From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0. Page 404.) (April 3). Re-referred to Com. on APPR. committee-passage-favorable, referral-committee, committee-passage
2013-04-05 Set for hearing April 15.
2013-04-15 From committee: Do pass. (Ayes 5. Noes 1. Page 534.) (April 15). committee-passage-favorable, committee-passage
2013-04-16 Read second time. Ordered to third reading. reading-2, reading-1
2013-04-25 Read third time. Passed. (Ayes 27. Noes 6. Page 674.) Ordered to the Assembly. reading-3, reading-1, passage
2013-04-25 In Assembly. Read first time. Held at Desk. reading-1
2013-06-03 Referred to Com. on B. & F. referral-committee
2013-06-11 From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 1.) (June 10). Re-referred to Com. on APPR. committee-passage-favorable, referral-committee, committee-passage
2013-07-03 Set, first hearing. Referred to APPR. suspense file. referral-committee
2013-08-30 From committee: Do pass. (Ayes 13. Noes 0.) (August 30). committee-passage-favorable, committee-passage
2013-09-03 Read second time. Ordered to third reading. reading-2, reading-1
2013-09-04 Read third time. Passed. (Ayes 68. Noes 1. Page 2877.) Ordered to the Senate. reading-3, reading-1, passage
2013-09-05 In Senate. Ordered to engrossing and enrolling.
2013-09-10 Enrolled and presented to the Governor at 4 p.m.
2013-09-23 Approved by the Governor. executive-signature
2013-09-23 Chaptered by Secretary of State. Chapter 335, Statutes of 2013.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/0951e781-68bd-4e98-bb33-f1f030e78ee6. Confidence: reported (aggregated from official California legislature records).