Under existing law, an obligation is a legal duty to do or not to do a certain thing and an obligation may be extinguished in various ways. An obligation is extinguished if a creditor releases a debtor from the obligation either upon new consideration or in writing, with or without new consideration. Under existing law, a general release from an obligation does not apply to claims that the creditor does not know or suspect to exist in his or her favor, as specified, and that would have materially affected his or her settlement with the debtor.
California SB 1431 (20172018) — Obligations: release.
Under existing law, an obligation is a legal duty to do or not to do a certain thing and an obligation may be extinguished in various ways. An obligation is extinguished if a creditor releases a debtor from the obligation either upon new consideration or in writing, with or without new consideration. Under existing law, a general release from an obligation does not apply to claims that the creditor does not know or suspect to exist in his or her favor, as specified, and that would have materially affected his or her settlement with the debtor.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Unfinished Business SB1431 Morrell Concurrence — 37–0 (pass) · upper
Do pass as amended. To Consent Calendar. — 9–0 (pass) · lower
Consent Calendar SB1431 — 38–0 (pass) · upper
Do pass and be ordered to the Consent Calendar — 7–0 (pass) · upper
SB 1431 Morrell Consent Calendar Second Day — 75–0 (pass) · lower
Sponsors
Morrell — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2018-02-16 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2018-02-20 From printer. May be acted upon on or after March 22.
2018-03-08 Referred to Com. on JUD. referral-committee
2018-04-10 Set for hearing May 8.
2018-05-09 From committee: Do pass. Ordered to consent calendar. (Ayes 7. Noes 0. Page 4998.) (May 8). committee-passage-favorable, committee-passage
2018-05-10 Read second time. Ordered to consent calendar. reading-2, reading-1
2018-05-17 Read third time. Passed. (Ayes 38. Noes 0. Page 5088.) Ordered to the Assembly. reading-3, passage, reading-1
2018-05-17 In Assembly. Read first time. Held at Desk. reading-1
2018-05-25 Referred to Com. on JUD. referral-committee
2018-06-13 From committee: Do pass as amended. Ordered to consent calendar. (Ayes 9. Noes 0.) (June 12). committee-passage-favorable, committee-passage, amendment-passage
2018-06-14 Read second time and amended. Ordered to second reading. reading-1, amendment-passage, reading-2
2018-06-18 Read second time. Ordered to consent calendar. reading-2, reading-1
2018-06-21 Read third time. Passed. (Ayes 75. Noes 0. Page 5933.) Ordered to the Senate. reading-3, passage, reading-1
2018-06-21 In Senate. Concurrence in Assembly amendments pending.
2018-07-02 Assembly amendments concurred in. (Ayes 37. Noes 0. Page 5026.) Ordered to engrossing and enrolling. committee-passage-favorable, amendment-passage
2018-07-10 Enrolled and presented to the Governor at 3:30 p.m.
2018-07-20 Approved by the Governor. executive-signature
2018-07-20 Chaptered by Secretary of State. Chapter 157, Statutes of 2018.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/d2aee1ec-6b3f-4f7d-befb-9a854b3fde86. Confidence: reported (aggregated from official California legislature records).