Fabio
4.5 KiB
4.5 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | ||||||
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| Bill | Board of directors: investment standards. | The Nonprofit Public Benefit Corporation Law and the Nonprofit Religious Corporation Law each require a board of directors for a corporation formed under its provisions to manage corporate investments in compliance with prescribed investment standards. The laws specify that compliance with its prescribed standards do not preclude the application of a separate investment standard under the Uniform Prudent Management of Institutional Funds Act. | us/states/ca | California Legislature | 20152016 | AB 792 | California AB 792 (20152016) |
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enacted |
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4 | 15 | 4 | 2015-02-25 | 2015-07-06 | openstates | ocd-bill/5995ca90-d57b-43dc-96bf-6e809cf568f4 | http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB792 | 1599f47364c2950207cf3d48055f2a2f22b3b29a8d6bec87b15a7154bb0d3f9c | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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California AB 792 (20152016) — Board of directors: investment standards.
The Nonprofit Public Benefit Corporation Law and the Nonprofit Religious Corporation Law each require a board of directors for a corporation formed under its provisions to manage corporate investments in compliance with prescribed investment standards. The laws specify that compliance with its prescribed standards do not preclude the application of a separate investment standard under the Uniform Prudent Management of Institutional Funds Act.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- 02/25/15 - Introduced (filed) — source
- 07/06/15 - Chaptered (committee substitute) — source
- AB792 (committee substitute) — source
- 06/24/15 - Enrolled (enrolled) — source
Votes
- Do pass. — 12–0 (pass) · lower
- AB 792 CHIU Assembly Third Reading — 77–0 (pass) · lower
- Consent Calendar 2nd — 37–0 (pass) · upper
- Do pass and be ordered to the Consent Calendar — 7–0 (pass) · upper
Sponsors
- Chiu — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2015-02-25 Read first time. To print.
reading-1 - 2015-02-26 From printer. May be heard in committee March 28.
- 2015-03-12 Referred to Com. on B. & F.
referral-committee - 2015-05-05 From committee: Do pass. (Ayes 12. Noes 0.) (May 4).
committee-passage-favorable, committee-passage - 2015-05-06 Read second time. Ordered to third reading.
reading-2, reading-1 - 2015-05-18 Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1477.)
reading-3, passage, reading-1 - 2015-05-18 In Senate. Read first time. To Com. on RLS. for assignment.
reading-1 - 2015-05-28 Referred to Com. on B. & F.I.
referral-committee - 2015-06-17 From committee: Do pass. To Consent Calendar. (Ayes 7. Noes 0.) (June 17).
committee-passage-favorable, committee-passage - 2015-06-18 Read second time. Ordered to Consent Calendar.
reading-2, reading-1 - 2015-06-22 Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 1548.).
reading-3, passage, reading-1 - 2015-06-23 In Assembly. Ordered to Engrossing and Enrolling.
committee-passage - 2015-06-26 Enrolled and presented to the Governor at 11 a.m.
- 2015-07-06 Approved by the Governor.
executive-signature - 2015-07-06 Chaptered by Secretary of State - Chapter 56, Statutes of 2015.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/5995ca90-d57b-43dc-96bf-6e809cf568f4. Confidence: reported (aggregated from official California legislature records).