AB 1859, as introduced, Maienschein. Professional fiduciaries: licensing.
Existing law, the Professional Fiduciaries Act, establishes the Professional Fiduciaries Bureau within the Department of Consumer Affairs and requires the bureau to license and regulate professional fiduciaries, as specified.
This bill would make a technical, 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 6535 of the Business and Professions
2Code is amended to read:
The bureau shall approve or deny licensure in a timely
4manner to applicants who apply for licensure. Upon approval of
5a license, the bureau shall notify the applicant of issuance of the
P2 1license, and shall issue a license certificate identifyingbegin delete him or herend delete
2begin insert the applicantend insert as a “licensed professional fiduciary.”
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