Bill Text: CA AB2025 | 2021-2022 | Regular Session | Introduced
Bill Title: Uniform Partnership Act of 1994: partnership statements.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2022-03-16 - In committee: Set, first hearing. Hearing canceled at the request of author. [AB2025 Detail]
Download: California-2021-AB2025-Introduced.html
CALIFORNIA LEGISLATURE—
2021–2022 REGULAR SESSION
Assembly Bill
No. 2025
Introduced by Assembly Member Chen |
February 14, 2022 |
An act to amend Section 16304 of the Corporations Code, relating to partnerships.
LEGISLATIVE COUNSEL'S DIGEST
AB 2025, as introduced, Chen.
Uniform Partnership Act of 1994: partnership statements.
Existing law, the Uniform Partnership Act of 1994, authorizes a partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent to file a statement of denial stating the name of the partnership as filed with the Secretary of State, any identification number issued by the Secretary of State, and the fact that it is being denied, that may include denial of a person’s authority or status as a partner. Existing law provides that a statement of denial is a limitation on partnership authority. Existing law also permits a partner to become dissociated from a partnership and permits the filing of a statement of dissociation, as specified.
This bill would specify that a statement of denial is not the same as a statement of dissociation.