Bill Text: CA AB129 | 2013-2014 | Regular Session | Enrolled

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Lawful money.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2014-06-28 - Chaptered by Secretary of State - Chapter 74, Statutes of 2014. [AB129 Detail]

Download: California-2013-AB129-Enrolled.html

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BILL NUMBER: AB 129	ENROLLED
	BILL TEXT

	PASSED THE SENATE  JUNE 19, 2014
	PASSED THE ASSEMBLY  JUNE 23, 2014
	AMENDED IN SENATE  MAY 22, 2014
	AMENDED IN ASSEMBLY  JANUARY 23, 2014
	AMENDED IN ASSEMBLY  JANUARY 7, 2014
	AMENDED IN ASSEMBLY  MARCH 19, 2013

INTRODUCED BY   Assembly Member Dickinson

                        JANUARY 15, 2013

   An act to repeal Section 107 of the Corporations Code, relating to
business associations.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 129, Dickinson. Lawful money.
   Existing law prohibits a corporation, flexible purpose
corporation, association, or individual from issuing or putting in
circulation, as money, anything but the lawful money of the United
States.
   This bill would repeal that provision.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 107 of the Corporations Code is repealed.