California Bill Would Revoke All Powers, Privileges, and Capacities Previously Granted To "Corporations"
The Most Ill-Considered Corporate Bill That I Have Ever Encountered
In a startingly move last month, California Assembly Member Chris Rogers and Senator Mike McGuire introduced a bill, AB 1984, that would revoke in their entirety “all powers, privileges, and capacities previously granted to corporations under the laws of the State of California”.1 The bill defines “corporation” to mean an entity whose existence or limited liability shield is conferred by the laws of California and includes, but is not limited to, all of the following:
Keep reading with a 7-day free trial
Subscribe to Calcorporatelaw.com to keep reading this post and get 7 days of free access to the full post archives.