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AB 940 California Assembly · 2009-2010 Regular Session

Attorneys: IOLTA accounts.

Summary
Existing law, the State Bar Act, provides for the licensure and regulation of the practice of law by the State Bar of California, a public corporation. Existing law requires an attorney or law firm receiving or disbursing trust funds to establish and maintain an IOLTA account, as defined, in which the attorney or law firm is required to deposit or invest all specified client deposits or funds. Existing law also requires an attorney or law firm establishing an IOLTA account to comply with various requirements, including, but not limited to, that the account be established and maintained with an eligible institution, as defined. This bill would require an attorney or law firm establishing an IOLTA account to report IOLTA account compliance and all other IOLTA account information required by the State Bar in the manner specified by the State Bar. The bill would also revise the definition of an eligible institution.
Bill status signed all 5 stages cleared
Introduction
Feb 2009
Committee Review
Jun 2009
Assembly Passage
May 2009
Senate Passage
Jun 2009
Signed into Law
Aug 2009
Introduced Feb 26, 2009 Signed Aug 6, 2009
Floor votes · Senate Jun 22, 2009 · Assembly May 14, 2009

How they voted

40–0
Passed
Total votes 40
Jun 22, 2009
D Democratic25
25 Yea
100% Yea
R Republican15
15 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
23
Key actions
6
Committee
6
Amendments
1
Aug 5, 2009
Signed into law
Approved by the Governor.
legislature
Jun 22, 2009
Senate · Passed
Senate Vote: pass (40-0)
senate
Jun 9, 2009
Upper · Passed
From committee: Do pass. (Ayes 5. Noes 0.) (June 9).
upper
May 21, 2009
Committee
Referred to Com. on JUD.
upper
May 14, 2009
Assembly · Passed
Assembly Vote: pass (68-0-6)
assembly
May 5, 2009
Lower · Passed
From committee: Do pass. (Ayes 10. Noes 0.) (May 5).
lower
Apr 14, 2009
Committee
Re-referred to Com. on JUD.
lower
Apr 13, 2009
Introduced
From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.
lower
Apr 13, 2009
Committee
Referred to Com. on JUD.
lower
Mar 1, 2009
Lower · Passed
From printer. May be heard in committee March 30.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.