BILL NUMBER: AB 2688	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Silva

                        FEBRUARY 19, 2010

   An act to amend Section 7110 of the Corporations Code, relating to
nonprofit corporations.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2688, as introduced, Silva. Nonprofit mutual benefit
corporations.
   Existing law, the Nonprofit Mutual Benefit Corporation Law,
authorizes formation of a corporation under the Nonprofit Mutual
Benefit Corporation Law for any lawful purpose, except if all the
corporation's assets are irrevocably dedicated to charitable,
religious, or public purposes, as specified.
   This bill would make a nonsubstantive change to these provisions.

   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 7110 of the Corporations Code is amended to
read:
   7110.  This part shall be known  as,  and may be cited as
 ,  the Nonprofit Mutual Benefit Corporation Law.