Fabio
102 lines
8.3 KiB
Markdown
102 lines
8.3 KiB
Markdown
---
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type: "Bill"
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title: "Corporations: agents: victims of corporate fraud compensation fund."
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description: "Existing law establishes the Victims of Corporate Fraud Compensation Fund, a continuously appropriated fund, within the State Treasury administered by the Secretary of State, the sole purpose of which is to provide restitution to victims of corporate fraud. Existing law provides that an aggrieved person who obtains a final judgment, as specified, against a corporation based upon the corporation's fraud, misrepresentation, or deceit, made with intent to defraud, may file an application with the Secretary of State for payment from the fund for the amount unpaid on the judgment that represents the awarded actual and direct loss to the claimant in the final judgment."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20152016"
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identifier: "AB 2759"
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citation: "California AB 2759 (20152016)"
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classification: ["bill", "appropriation"]
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subjects: ["Corporations: agents: victims of corporate fraud compensation fund."]
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status: "enacted"
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primary_sponsors: ["Levine"]
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version_count: 9
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action_count: 28
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vote_count: 10
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first_action: "2016-02-19"
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last_action: "2016-09-16"
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source: "openstates"
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source_identifier: "ocd-bill/e8066010-d388-4fd5-a259-c29325e5c3a0"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB2759"
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source_hash: "fd057df288121f080258bf089f2718abc93143a6b5374c2aeb89c7d9cb8055b7"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California AB 2759 (20152016) — Corporations: agents: victims of corporate fraud compensation fund.
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Existing law establishes the Victims of Corporate Fraud Compensation Fund, a continuously appropriated fund, within the State Treasury administered by the Secretary of State, the sole purpose of which is to provide restitution to victims of corporate fraud. Existing law provides that an aggrieved person who obtains a final judgment, as specified, against a corporation based upon the corporation's fraud, misrepresentation, or deceit, made with intent to defraud, may file an application with the Secretary of State for payment from the fund for the amount unpaid on the judgment that represents the awarded actual and direct loss to the claimant in the final judgment.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/19/16 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2759&version=20150AB275999INT)
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2. **05/27/16 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2759&version=20150AB275998AMD)
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3. **06/16/16 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2759&version=20150AB275997AMD)
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4. **08/02/16 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2759&version=20150AB275996AMD)
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5. **08/15/16 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2759&version=20150AB275995AMD)
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6. **08/17/16 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2759&version=20150AB275994AMD)
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7. **09/16/16 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2759&version=20150AB275992CHP)
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8. **AB2759** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB2759)
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9. **08/29/16 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2759&version=20150AB275993ENR)
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## Votes
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- Do pass and be re-referred to the Committee on [Banking and Finance] — **10–0** (pass) · lower
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- Do pass as amended — **5–0** (pass) · upper
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- 3rd Reading AB2759 Levine By Vidak — **39–0** (pass) · upper
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- Do pass as amended. — **20–0** (pass) · lower
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- Do pass and be re-referred to the Committee on [Appropriations] — **11–0** (pass) · lower
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- Do pass as amended, but first amend, and re-refer to the Committee on [Judiciary] — **7–0** (pass) · upper
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- AB 2759 LEVINE Assembly Third Reading — **80–0** (pass) · lower
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- Placed on suspense file — **7–0** (pass) · upper
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- AB 2759 LEVINE Concurrence in Senate Amendments — **78–0** (pass) · lower
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- Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] — **7–0** (pass) · upper
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## Sponsors
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- Levine — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2016-02-19** Introduced. To print. `introduction`
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- **2016-02-21** From printer. May be heard in committee March 22.
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- **2016-02-22** Read first time. `reading-1`
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- **2016-03-10** Referred to Com. on JUD. `referral-committee`
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- **2016-04-05** From committee: Do pass and re-refer to Com. on B. & F. (Ayes 10. Noes 0.) (April 5). Re-referred to Com. on B. & F. `referral-committee, committee-passage-favorable, committee-passage`
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- **2016-04-19** From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (April 18). Re-referred to Com. on APPR. `referral-committee, committee-passage-favorable, committee-passage`
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- **2016-05-04** In committee: Set, first hearing. Referred to APPR. suspense file. `referral-committee`
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- **2016-05-27** From committee: Amend, and do pass as amended. (Ayes 20. Noes 0.) (May 27). `amendment-introduction, committee-passage, amendment-passage`
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- **2016-05-27** Read second time and amended. Ordered returned to second reading. `amendment-passage, reading-2, reading-1`
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- **2016-05-31** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2016-06-01** Read third time. Passed. Ordered to the Senate. (Ayes 80. Noes 0. Page 5108.) `reading-3, passage, reading-1`
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- **2016-06-02** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2016-06-09** Referred to Coms. on B. & F.I. and JUD. `referral-committee`
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- **2016-06-15** From committee: Amend, and do pass as amended and re-refer to Com. on JUD. (Ayes 7. Noes 0.) (June 15). `amendment-introduction, committee-passage, amendment-passage`
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- **2016-06-16** Read second time and amended. Re-referred to Com. on JUD. `referral-committee, reading-2, amendment-passage, reading-1`
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- **2016-08-01** From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (June 28). `amendment-introduction, committee-passage, amendment-passage`
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- **2016-08-02** Read second time and amended. Re-referred to Com. on APPR. `referral-committee, reading-2, amendment-passage, reading-1`
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- **2016-08-08** Referred to APPR. suspense file. `referral-committee`
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- **2016-08-11** From committee: Amend, and do pass as amended. (Ayes 5. Noes 0.) (August 11). `amendment-introduction, committee-passage, amendment-passage`
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- **2016-08-15** Read second time and amended. Ordered to third reading. `amendment-passage, reading-2, reading-1`
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- **2016-08-17** Read third time and amended. Ordered to second reading. `reading-3, amendment-passage, reading-1`
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- **2016-08-18** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2016-08-22** Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 5250.). `reading-3, passage, reading-1`
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- **2016-08-23** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 25 pursuant to Assembly Rule 77.
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- **2016-08-25** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6301.). `committee-passage-favorable, amendment-passage`
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- **2016-09-02** Enrolled and presented to the Governor at 12 p.m.
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- **2016-09-16** Approved by the Governor. `executive-signature`
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- **2016-09-16** Chaptered by Secretary of State - Chapter 390, Statutes of 2016.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e8066010-d388-4fd5-a259-c29325e5c3a0`. Confidence: reported (aggregated from official California legislature records).
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