BILL NUMBER: AB 361	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Huffman

                        FEBRUARY 14, 2011

   An act to amend Section 25600 of the Corporations Code, relating
to corporations.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 361, as introduced, Huffman. Department of Corporations.
   Existing law establishes the Department of Corporations in the
Business, Transportation and Housing Agency and makes the
Commissioner of Corporations the chief officer of the department.
   This bill would make a nonsubstantive, technical change to that
provision.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


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

  SECTION 1.  Section 25600 of the Corporations Code is amended to
read:
   25600.  There is in the state government, in the  Business
and Transportation   Business, Transportation and
Housing  Agency a Department of Corporations, which shall
administer the provisions of this division. The chief officer of the
Department of Corporations is the Commissioner of Corporations. The
commissioner shall be appointed by the Governor and shall hold office
at the pleasure of the Governor. He or she shall receive an annual
salary as fixed in the Government Code. Within 15 days from the time
of his or her appointment  ,  the commissioner shall take
and subscribe to the constitutional oath of office and file it in the
office of the Secretary of State.
   Whenever the term "Division of Corporations" is used in the law,
it  means   shall mean  the Department of
Corporations.