Fabio
79 lines
4.2 KiB
Markdown
79 lines
4.2 KiB
Markdown
---
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type: "Bill"
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title: "Preferred shares: rights and preferences distributions."
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description: "Existing law authorizes a corporation to issue one or more classes or series of shares, as specified, including designating a class or series of shares as \"preferred,\" which are defined as shares other than common shares."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20132014"
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identifier: "AB 434"
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citation: "California AB 434 (20132014)"
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classification: ["bill"]
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subjects: ["Preferred shares: rights and preferences distributions."]
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status: "enacted"
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primary_sponsors: ["Hagman"]
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version_count: 4
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action_count: 16
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vote_count: 4
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first_action: "2013-02-15"
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last_action: "2013-06-28"
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source: "openstates"
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source_identifier: "ocd-bill/db43a46e-e356-4611-b033-4f3c2c263eaa"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB434"
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source_hash: "63b8d328f7599a309ab2dc6a3cc46fb11ae2f56411d921eeee801fc0215bebd7"
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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 434 (20132014) — Preferred shares: rights and preferences distributions.
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Existing law authorizes a corporation to issue one or more classes or series of shares, as specified, including designating a class or series of shares as "preferred," which are defined as shares other than common shares.
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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. **02/15/13 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB434&version=20130AB43499INT)
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2. **06/28/13 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB434&version=20130AB43497CHP)
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3. **AB434** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB434)
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4. **06/14/13 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB434&version=20130AB43498ENR)
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## Votes
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- Do pass, to Consent Calendar. — **12–0** (pass) · lower
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- Consent Calendar 2nd — **37–0** (pass) · upper
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- AB 434 HAGMAN Consent Calendar Second Day — **77–0** (pass) · lower
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- Do pass and be placed on the Consent Calendar. — **8–0** (pass) · upper
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## Sponsors
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- Hagman — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2013-02-15** Read first time. To print. `reading-1`
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- **2013-02-19** From printer. May be heard in committee March 21.
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- **2013-03-11** Referred to Com. on B. & F. `referral-committee`
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- **2013-04-04** In committee: Hearing postponed by committee.
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- **2013-04-30** From committee: Do pass. To consent calendar. (Ayes 12. Noes 0.) (April 29). `committee-passage-favorable, committee-passage`
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- **2013-05-01** Read second time. Ordered to consent calendar. `reading-2, reading-1`
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- **2013-05-06** Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1265.) `reading-3, reading-1, passage`
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- **2013-05-06** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2013-05-15** Referred to Com. on B. & F.I. `referral-committee`
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- **2013-06-05** From committee: Do pass. To consent calendar. (Ayes 8. Noes 0.) (June 5). `committee-passage-favorable, committee-passage`
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- **2013-06-06** Read second time. Ordered to consent calendar. `reading-2, reading-1`
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- **2013-06-13** Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 1339.). `reading-3, reading-1, passage`
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- **2013-06-13** In Assembly. Ordered to Engrossing and Enrolling. `committee-passage`
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- **2013-06-20** Enrolled and presented to the Governor at 1:30 p.m.
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- **2013-06-28** Approved by the Governor. `executive-signature`
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- **2013-06-28** Chaptered by Secretary of State - Chapter 38, Statutes of 2013.
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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/db43a46e-e356-4611-b033-4f3c2c263eaa`. Confidence: reported (aggregated from official California legislature records).
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