Fabio
78 lines
5.2 KiB
Markdown
78 lines
5.2 KiB
Markdown
---
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type: "Bill"
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title: "Corporate agents: indemnification."
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description: "Existing law authorizes a nonprofit public benefit corporation, mutual benefit corporation, religious corporation, and consumer cooperative corporation to indemnify its agents, as defined, in proceedings, as defined. Existing law provides that the authority of those corporations to so indemnify their agents does not apply to any proceeding against any trustee, investment manager or other fiduciary of an employee benefit plan. Existing law authorizes all corporations, and the corporations described above specifically, to indemnify and purchase and maintain insurance on behalf of a fiduciary of specified employee benefit plans, trusts, or provisions for directors, officers, employees, and persons providing services to the corporation or its affiliates."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20112012"
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identifier: "AB 2668"
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citation: "California AB 2668 (20112012)"
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classification: ["bill"]
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subjects: ["Corporate agents: indemnification."]
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status: "enacted"
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primary_sponsors: ["Committee on Banking and Finance"]
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version_count: 4
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action_count: 15
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vote_count: 4
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first_action: "2012-03-05"
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last_action: "2012-07-09"
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source: "openstates"
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source_identifier: "ocd-bill/ae12794b-f1e6-4f03-b3cc-0463a87e9c89"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB2668"
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source_hash: "83c46f408ba1b3081a49f27f513047a325732c3c6b6ac633aa76467bf66adbf8"
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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 2668 (20112012) — Corporate agents: indemnification.
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Existing law authorizes a nonprofit public benefit corporation, mutual benefit corporation, religious corporation, and consumer cooperative corporation to indemnify its agents, as defined, in proceedings, as defined. Existing law provides that the authority of those corporations to so indemnify their agents does not apply to any proceeding against any trustee, investment manager or other fiduciary of an employee benefit plan. Existing law authorizes all corporations, and the corporations described above specifically, to indemnify and purchase and maintain insurance on behalf of a fiduciary of specified employee benefit plans, trusts, or provisions for directors, officers, employees, and persons providing services to the corporation or its affiliates.
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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. **03/05/12 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB2668&version=20110AB266899INT)
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2. **07/09/12 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB2668&version=20110AB266897CHP)
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3. **AB2668** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB2668)
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4. **06/21/12 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB2668&version=20110AB266898ENR)
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## Votes
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- Do pass and be placed on the Consent Calendar. — **4–0** (pass) · upper
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- AB 2668 B. & F. Consent Calendar Second Day — **71–0** (pass) · lower
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- Do pass, to Consent Calendar. — **12–0** (pass) · lower
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- Consent Calendar 2nd AB2668 Committee on B. & F. — **36–0** (pass) · upper
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## Sponsors
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- Committee on Banking and Finance — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2012-03-05** Read first time. To print. `reading-1`
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- **2012-03-06** From printer. May be heard in committee April 5.
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- **2012-03-19** Referred to Com. on B. & F. `referral-committee`
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- **2012-04-17** From committee: Do pass. To consent calendar. (Ayes 12. Noes 0.) (April 16). `committee-passage, committee-passage-favorable`
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- **2012-04-18** Read second time. Ordered to consent calendar. `reading-2, reading-1`
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- **2012-04-23** Read third time. Passed. Ordered to the Senate. (Ayes 71. Noes 0. Page 4491.) `reading-3, reading-1, passage`
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- **2012-04-23** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2012-04-26** Referred to Com. on JUD. `referral-committee`
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- **2012-06-13** From committee: Do pass. To consent calendar. (Ayes 4. Noes 0.) (June 12). `committee-passage, committee-passage-favorable`
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- **2012-06-14** Read second time. Ordered to consent calendar. `reading-2, reading-1`
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- **2012-06-18** Read third time. Passed. Ordered to the Assembly. (Ayes 36. Noes 0. Page 3958.). `reading-3, reading-1, passage`
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- **2012-06-18** In Assembly. Ordered to Engrossing and Enrolling. `committee-passage`
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- **2012-06-28** Enrolled and presented to the Governor at 11:15 a.m.
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- **2012-07-09** Approved by the Governor. `executive-signature`
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- **2012-07-09** Chaptered by Secretary of State - Chapter 61, Statutes of 2012.
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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/ae12794b-f1e6-4f03-b3cc-0463a87e9c89`. Confidence: reported (aggregated from official California legislature records).
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