Fabio
85 lines
5.3 KiB
Markdown
85 lines
5.3 KiB
Markdown
---
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type: "Bill"
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title: "Attorneys: IOLTA accounts."
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description: "Existing law, the State Bar Act, provides for the licensure and regulation of the practice of law by the State Bar of California, a public corporation. Existing law requires an attorney or law firm receiving or disbursing trust funds to establish and maintain an IOLTA account, as defined, in which the attorney or law firm is required to deposit or invest all specified client deposits or funds. Existing law also requires an attorney or law firm establishing an IOLTA account to comply with various requirements, including, but not limited to, that the account be established and maintained with an eligible institution, as defined."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20092010"
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identifier: "AB 940"
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citation: "California AB 940 (20092010)"
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classification: ["bill"]
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subjects: ["Attorneys: IOLTA accounts."]
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status: "enacted"
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primary_sponsors: ["Committee on Judiciary"]
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version_count: 5
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action_count: 21
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vote_count: 4
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first_action: "2009-02-26"
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last_action: "2009-08-06"
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source: "openstates"
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source_identifier: "ocd-bill/7d145f3e-1ca8-4a42-bcf2-059ec3f337d8"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=200920100AB940"
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source_hash: "54001c8a82958f6b3178c85d5856634cae7eb9bfbdb19b834342249a9d576926"
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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 940 (20092010) — Attorneys: IOLTA accounts.
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Existing law, the State Bar Act, provides for the licensure and regulation of the practice of law by the State Bar of California, a public corporation. Existing law requires an attorney or law firm receiving or disbursing trust funds to establish and maintain an IOLTA account, as defined, in which the attorney or law firm is required to deposit or invest all specified client deposits or funds. Existing law also requires an attorney or law firm establishing an IOLTA account to comply with various requirements, including, but not limited to, that the account be established and maintained with an eligible institution, as defined.
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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. **02/26/09 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB940&version=20090AB94099INT)
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2. **04/13/09 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB940&version=20090AB94098AMD)
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3. **08/06/09 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB940&version=20090AB94096CHP)
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4. **AB940** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=200920100AB940)
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5. **06/23/09 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB940&version=20090AB94097ENR)
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## Votes
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- Do pass. — **pass** (pass) · lower
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- AB 940 JUD. Assembly Third Reading By FEUER — **pass** (pass) · lower
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- Special Consent #9 AB940 Committee on JUD. (Feuer) — **pass** (pass) · upper
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- Do pass. — **pass** (pass) · upper
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## Sponsors
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- Committee on Judiciary — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2009-02-26** Read first time. To print. `reading-1`
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- **2009-03-01** From printer. May be heard in committee March 30.
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- **2009-04-13** Referred to Com. on JUD. `referral-committee`
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- **2009-04-13** From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended. `amendment-introduction, reading-2, amendment-passage, reading-1`
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- **2009-04-14** Re-referred to Com. on JUD. `referral-committee`
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- **2009-05-05** From committee: Do pass. (Ayes 10. Noes 0.) (May 5). `committee-passage-favorable, committee-passage`
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- **2009-05-06** Read second time. To third reading. `reading-2, reading-1`
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- **2009-05-14** Read third time, passed, and to Senate. (Ayes 73. Noes 0. Page 1459.) `reading-3, passage, reading-1`
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- **2009-05-14** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2009-05-21** Referred to Com. on JUD. `referral-committee`
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- **2009-06-09** From committee: Do pass. (Ayes 5. Noes 0.) (June 9). `committee-passage-favorable, committee-passage`
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- **2009-06-10** Read second time. To third reading. `reading-2, reading-1`
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- **2009-06-16** Ordered to Special Consent Calendar.
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- **2009-06-22** Read third time, passed, and to Assembly. (Ayes 40. Noes 0. Page 1377.) `reading-3, passage, reading-1`
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- **2009-06-22** In Assembly. To enrollment.
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- **2009-06-25** Enrolled and to the Governor at 1:30 p.m.
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- **2009-07-01** Withdrawn from Governor.
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- **2009-07-01** Ordered returned to enrollment.
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- **2009-07-30** Enrolled and to the Governor at 2:30 p.m.
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- **2009-08-05** Approved by the Governor. `executive-signature`
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- **2009-08-06** Chaptered by Secretary of State - Chapter 129, Statutes of 2009.
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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/7d145f3e-1ca8-4a42-bcf2-059ec3f337d8`. Confidence: reported (aggregated from official California legislature records).
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