Under existing law, any domestic corporation, with respect to which a proceeding has been initiated under any applicable statute of the United States relating to reorganizations of corporations, has full power and authority to put into effect and carry out any plan of reorganization and the orders of the court or judge entered in that proceeding and is authorized to take any proceeding and do any act provided in the plan or directed by those orders, without further action by its board or shareholders. Existing law requires a certificate of dissolution to be filed and to become effective in accordance with its terms and specified provisions. Existing law also requires that certificate to be signed and verified under penalty of perjury, as may be directed by order of the court or judge, by a trustee or trustees appointed in a reorganization proceeding, or if none is appointed and acting, by officers of the corporation designated, or by a master or other court-appointed representative.
California SB 340 (20172018) — Corporations: dissolution: bankruptcy.
Under existing law, any domestic corporation, with respect to which a proceeding has been initiated under any applicable statute of the United States relating to reorganizations of corporations, has full power and authority to put into effect and carry out any plan of reorganization and the orders of the court or judge entered in that proceeding and is authorized to take any proceeding and do any act provided in the plan or directed by those orders, without further action by its board or shareholders. Existing law requires a certificate of dissolution to be filed and to become effective in accordance with its terms and specified provisions. Existing law also requires that certificate to be signed and verified under penalty of perjury, as may be directed by order of the court or judge, by a trustee or trustees appointed in a reorganization proceeding, or if none is appointed and acting, by officers of the corporation designated, or by a master or other court-appointed representative.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass. To Consent Calendar. — 15–0 (pass) · lower
SB 340 Hertzberg Consent Calendar Second Day — 73–0 (pass) · lower
Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 7–0 (pass) · lower
Sponsors
Hertzberg — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2017-02-14 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2017-02-15 From printer. May be acted upon on or after March 17.
2017-02-23 Referred to Com. on JUD. referral-committee
2017-03-14 Set for hearing March 28.
2017-03-29 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 539.) (March 28). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2017-04-05 Set for hearing April 17.
2017-04-17 From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar. committee-passage, reading-2
2017-04-18 Read second time. Ordered to consent calendar. reading-2, reading-1
2017-04-20 Read third time. Passed. (Ayes 36. Noes 0. Page 769.) Ordered to the Assembly. reading-3, passage, reading-1
2017-04-20 In Assembly. Read first time. Held at Desk. reading-1
2017-05-18 Referred to Com. on B. & F. referral-committee
2017-05-30 From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F. reading-2, referral-committee, amendment-passage, committee-passage, reading-1
2017-05-31 June 5 hearing postponed by committee.
2017-06-15 June 19 hearing postponed by committee.
2017-06-26 June 26 hearing postponed by committee.
2017-07-11 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0.) (July 10). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2017-08-23 From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (August 23). committee-passage-favorable, committee-passage
2017-08-24 Read second time. Ordered to consent calendar. reading-2, reading-1
2017-08-31 Read third time. Passed. (Ayes 73. Noes 0. Page 2853.) Ordered to the Senate. reading-3, passage, reading-1
2017-08-31 In Senate. Concurrence in Assembly amendments pending.
2017-09-01 Ordered to special consent calendar.
2017-09-05 Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2478.) Ordered to engrossing and enrolling. committee-passage-favorable, amendment-passage
2017-09-11 Enrolled and presented to the Governor at 4 p.m.
2017-09-23 Approved by the Governor. executive-signature
2017-09-23 Chaptered by Secretary of State. Chapter 267, Statutes of 2017.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/0d9f347b-4723-4097-8033-7fea824c28d9. Confidence: reported (aggregated from official California legislature records).
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