republic-os/legislation/us/states/ca/20172018/ab-1535.md

---
type: "Bill"
title: "Corporations: dissolutions: separate shareholder agreements."
description: "Existing law governs suits concerning the dissolution of corporations. Under this law, subject to any contrary provision in the articles, in a suit for involuntary dissolution or a proceeding for voluntary dissolution initiated by a shareholder vote representing only 50% of the voting power, the corporation or, if it does not elect to purchase, the holders of 50% or more of the voting power, as purchasing shareholders, may avoid the corporation's dissolution and appointment of a receiver by purchasing the plaintiff's or shareholder's shares at fair value."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20172018"
identifier: "AB 1535"
citation: "California AB 1535 (20172018)"
classification: ["bill"]
subjects: ["Corporations: dissolutions: separate shareholder agreements."]
status: "enacted"
primary_sponsors: ["Maienschein"]
version_count: 6
action_count: 20
vote_count: 1
first_action: "2017-02-17"
last_action: "2017-10-12"
source: "openstates"
source_identifier: "ocd-bill/4d650d8a-6335-4f8e-b32b-7682953a1135"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB1535"
source_hash: "092ec2bca918e0b5fd5cc1e86999934f08329c915692c67e6721817228b57a38"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California AB 1535 (20172018) — Corporations: dissolutions: separate shareholder agreements.

Existing law governs suits concerning the dissolution of corporations. Under this law, subject to any contrary provision in the articles, in a suit for involuntary dissolution or a proceeding for voluntary dissolution initiated by a shareholder vote representing only 50% of the voting power, the corporation or, if it does not elect to purchase, the holders of 50% or more of the voting power, as purchasing shareholders, may avoid the corporation's dissolution and appointment of a receiver by purchasing the plaintiff's or shareholder's shares at fair value.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/17/17 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1535&version=20170AB153599INT)
2. **06/08/17 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1535&version=20170AB153598AMD)
3. **06/21/17 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1535&version=20170AB153597AMD)
4. **10/12/17 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1535&version=20170AB153595CHP)
5. **AB1535** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB1535)
6. **09/07/17 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1535&version=20170AB153596ENR)

## Votes

- AB 1535 MAIENSCHEIN Concurrence in Senate Amendments — **76–0** (pass) · lower

## Sponsors

- Maienschein — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-02-17** Read first time. To print. `reading-1`
- **2017-02-19** From printer. May be heard in committee March 21.
- **2017-03-16** Referred to Com. on B. & F. `referral-committee`
- **2017-03-29** In committee: Hearing postponed by committee.
- **2017-05-02** From committee: Do pass. (Ayes 10. Noes 0.) (May 1). `committee-passage-favorable, committee-passage`
- **2017-05-03** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2017-05-04** Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 1386.) `reading-3, passage, reading-1`
- **2017-05-04** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2017-05-17** Referred to Coms. on B. & F.I. and JUD. `referral-committee`
- **2017-06-07** From committee: Amend, and do pass as amended and re-refer to Com. on JUD. (Ayes 11. Noes 0.) (June 7). `amendment-passage, committee-passage, amendment-introduction`
- **2017-06-08** Read second time and amended. Re-referred to Com. on JUD. `amendment-passage, reading-2, referral-committee, reading-1`
- **2017-06-21** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD. `amendment-passage, referral-committee, reading-2, reading-1, amendment-introduction`
- **2017-07-19** From committee: Do pass. (Ayes 7. Noes 0.) (July 18). `committee-passage-favorable, committee-passage`
- **2017-07-20** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2017-08-31** Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2336.). `reading-3, passage, reading-1`
- **2017-08-31** In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 2 pursuant to Assembly Rule 77.
- **2017-09-05** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 0. Page 2940.). `committee-passage-favorable, amendment-passage`
- **2017-09-12** Enrolled and presented to the Governor at 2:30 p.m.
- **2017-10-12** Approved by the Governor. `executive-signature`
- **2017-10-12** Chaptered by Secretary of State - Chapter 721, Statutes of 2017.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4d650d8a-6335-4f8e-b32b-7682953a1135`. Confidence: reported (aggregated from official California legislature records).