A SERMON MAIENSCHEIN IN AB
TWENTY FIVE FIFTY SEVEN.
WILL START AS A SUBCOMMITTEE
UNTIL A QUORUM IS TO STOP
MITCHELL MR MAIENSCHEIN WHEN
YOU'RE READY THANK YOU SO MUCH.
MISTER CHAIR I'D FIRST LIKE TO
THANK THE COMMITTEE STAFF POWER
FOR WORKING WITH MY OFFICE ON
THIS BILL AND WE WILL BE
ACCEPTING THE COMMITTEE.
PROPOSED AMENDMENTS ADDITIONALLY
WOULD LIKE TO OFFER AN AMENDMENT
TO STRIKE SECTION ONE OF THE
BILL TO CONTINUE TO WORK ON THAT
POLICY.
THROUGH THE INTERIM.
IN NINETEEN EIGHTY THE NONPROFIT
CORPORATION LAW BECAME EFFECTIVE
IN OVERTIME A NUMBER OF SECTIONS
A CORPORATION'S CODE OF
PREVIOUSLY BEEN AMENDED. ARE
ADDED TO CLARIFY SECTION SO THAT
NONPROFIT CORPORATIONS MAY HAVE
MORE CERTAINTY IN THEIR
OPERATIONS.
AB TWENTY FIVE FIFTY SEVEN
CORRECTS TECHNICAL CROSS
REFERENCES THROUGHOUT MULTIPLE
SECTIONS THE CORPORATION'S CODE.
RELATED TO COMMON DIRECTORS AND
REVISES AND SUPPLEMENT SECTIONS
DEALING WITH DESIGNATED
DIRECTOR'SDESK BY ON BEHALF OF
THE BILL I HAVE WITH ME TODAY
GARRY WALBERG WHO'S THE FORMER
CHAIR OF THE NONPROFIT
ORGANIZATIONS COMMITTEE.
JUSTIN ASKED SECRETARY CALLED
THE ROLE IN SUBSEQUENT.
SENATOR BRADFORD.
FOR HERE BIDAK PRESENT BACK
HERE GAINES. GAINES HERE
GALGIANI PUESTO.
MY SO HERE LARA PORTANTINO.
YOU CAN CONTINUE.
THANK YOU ALL AND THANK YOU FOR
CONSIDERING THIS A PROPOSAL.
MY NAME IS GARRY WALBERG I'M
FROM SAN DIEGO LAWYER DOWN THERE.
AND.
WHAT WE ARE DOING IN THE
COMMITTEE OVER THE LAST KHOMEINI
TWENTY YEARS IS? CONSIDERING AN
OFFERING AMENDMENTS THE STATUE
TO TRY TO MAKE IT MORE USER
FRIENDLY.
TWO LAWYERS THAT DON'T PRACTICE.
ALL THE TIME IN THE NONPROFT
WORLD BECAUSE VIRTUALLY EVERY
LAWYER IN JAPAN TO ADVISE A
NONPROFIT AT SOME POINT IN THE
OTHER. AND THESE MEMBERS ARE
OFFERED IN THAT SPIRIT.
IF THE COMMITTEE HAS A
PARTICULAR QUESTIONS I'D.
BE PREPARED TO ANSWER THEM.
.
YEAH I I JUST WANTED TO SENATOR
HUESO.
NOW YOU'RE SAYING THAT YOU'RE
CHANGING THE STATURE BECAUSE
LAWYERS DON'T UNDERSTAND IT.
YOU'D BE SURPRISED HOW MANY OF
PEOPLE DON'T GET THE CONCEPT OF
EX OFFICIO DIRECTORS.
AND.
WE'D WE TRIED A FEW YEARS AGO
TO AMEND THE STATUTE TO TRY TO
ADDRESS THAT.
WE AMENDED THE STATUTE ON THE
DEFINITION OF DIRECTORS TO MAKE
IT CLEAR THAT. OF DIRECTORS THAT
SERVE BY VIRTUE OF ANOTHER. A
POSITION YEAH.
ARE DIRECTORS IF THEY HAVE THE
RIGHT TO VOTE UNDER THE ARTICLES.
OF THAT STILL HASN'T QUITE.
FIX THE CONFUSION BECAUSE OF
THAT NEWS THE WORD EX OFFICIO SO
YOU ELIMINATE X. OFFICE YOU AS A
POSSIBLE.
BOARD.
.
POSITION NO NO WE ARE OF MAKING
IT CLEAR THAT OF. TEXAS ISSUE
DIRECTORS ARE POSSIBLE.
AND THAT THEY SERVE A WIN THEY
HAVE THE POSITION FOR WHICH THEY
HAVE BEEN.
APPOINTED IN THE OTHER BODY.
BUT CAUSES THEM TO BE ELIGIBLE
TO SERVE AS A DIRECTOR.
SO THAT IF AND THIS IS ANOTHER
ISSUE THAT HAS COME UP FROM TIME
TO TIME. IF AN EX OFFICIO
DIRECTOR LOSES THEIR POSITION
AND. WHATEVER ORGANIZATION HAS
ENTITLE THEM TO BE AN EX OFFICIO.
DO THEY LOSE THE ABILITY TO BE
A DIRECTOR TO THEY CONTINUE
UNTIL THEY REMOVED.
SO THE STATURE I CORRECT ME IF
I'M WRONG I MAY BE CONFUSED
ABOUT XFS USED TO BUT THEY'RE
THEY'RE THEY SIT ON THE BOARD TO
ADVISE ABOARD BUT THEY'RE NON
VOTING MEMBERS OF THE BOARD.
NO EX OFFICIO IS ARE VOTING
MEMBERS ALSO THEY USED TO BE
SOME ACTUAL LIKE A DIRECTOR OF
THE ORGANIZATION THAT MOVED ON
TO BECOME EXACTLY. AND THAT'S
JUST THE MANNER IN WHICH THEY
HAVE BEEN APPOINTED.
SO THE BEING ELECTED BY THE
MEMBERSHIP BY THE REMAINDER OF
THE BOARD. DEPENDING ON THE BY
LAWS OF THE ORGANIZATION. OF
THEY SERVE AS A FULL DIRECTOR
SIMPLY BECAUSE THEY ARE FOR
EXAMPLE THE EXECUTIVE DIRECTOR
OF A PARENT ORGANIZATION.
SO THIS BILL SIMPLY I MEAN IT
MAKES THE WORLD BETTER PLACE
BECAUSE IT MAKES THE WORLD OF.
MORE UNDERSTANDABLE PLOY
UNDERSTANDABLE EXCEPT.
I OF THE BILL.
IT'S BEEN MOVED BY SENATOR HUESO
ANY OTHER QUESTIONS FROM
COMMITTEE MEMBERS.
HEARING NONE TINA I'M ASSUMING
CHEN WHICH ELECT CLOSE TO CHAIR
RESPECTED ACROSS AND I. THINK
YOU.
WE HAVE AB TWENTY FIVE FIFTY
SEVEN WE EVER DO PASS AS AMENDED.
TO.
JUDY DISH AND.
AND SECRETARY PLEASE CALL THE
ROLL.
MOTION IS TO PASS AS AMENDED TO
SENATE JUDICIARY SENATOR
BRADFORD AYE AYE. AYE BIDAK AYE
DIDACTIC AYE GAINES. GAINES AYE
GALGIANI WESO. BY SO I LARA
PORTANTINO.
PORTANTINO I.
GET MEASURES OUT WILL LEAVE IT
OPEN FOR THE ABSENT MEMBERS IN
YOUR NEXT.
O. WE'RE CONSENT AFRICA.
OKAY A WHERE MOST FOR CONSENT
FROM A SENATOR HUESO AND
SECRETARY PLEASE CALL GROW.
THE MOTION IS TO PASS TO THE
FLOOR AND CONSENT CALENDAR.
SENATOR BRADFORD HIGH.
I BIDAK AUTOMATIC AYE GAINES.
GAINES AYE GALGIANI WESO. WAS SO
I LARA.
PORTANTINO PORTANTINO AYE.
BY FIVE OO.
ALL COMMITTEE HEARINGS WHAT
THAT'S MOSTLY.
THANK YOU GUYS FOR YOUR
PRESENCE AND WILL LEAVE THE ROLE
BEFORE. I'M SORRY ALL YEAR
STATES. THESE LADIES AIR I JUST
GET OUT THE WAY.
ANYWAY.
WILL
WHAT CAN
TWO BUT I WE HAVE.
.
AB TWENTY FIVE FIFTY SEVEN IS TO
PASS TO SENATE JUDICIARY.
VOTE IS FIVE ZERO AT THIS POINT.
QUESTION IS DO PASS AS AMENDED.
THE SENATE JUDICIARY.
AB TWO FIVE FIVE SEVEN SENATOR
GALGIANI.
SENATOR GALGIANI I.
THE HUGE.
AND THE NEXUS CONSENT COUNTY.
MOTION IS TO PASS TO THE FLOOR.
SENATOR GALGIANI.
CENTER GOT ANY BY.
ACT CONCLUDES OUR BUSINESS FOR
THE JUNE SIXTH.
SENATE BANKING AND FINANCE
COMMITTEE I WANT TO THANK ALL OF
YOU FOR BEEN IN ATTENDANCE AND.
MOVING THAT JIM DELONG THANK YOU
WORDS WE STAND ADJOURNED