Bill Text: CA AB1262 | 2023-2024 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Professional fiduciaries.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2023-10-10 - Chaptered by Secretary of State - Chapter 680, Statutes of 2023. [AB1262 Detail]

Download: California-2023-AB1262-Introduced.html

---

CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Assembly Bill

No. 1262

---

Introduced by Committee on Business and Professions

February 16, 2023

---

An act to amend Section 6532 of the Business and Professions Code, relating to professional fiduciaries.

LEGISLATIVE COUNSEL'S DIGEST

AB 1262, as introduced, Committee on Business and Professions. Professional fiduciaries.

Existing law, until January 1, 2024, establishes the Professional Fiduciaries Bureau within the Department of Consumer Affairs, and requires the bureau to license and regulate professional fiduciaries, as defined. The act authorizes a person to identify themself as a licensed professional fiduciary if they have been licensed by the bureau.

This bill would specify that only a person who holds a current and active license from the bureau is authorized to identify themself as a licensed professional fiduciary.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

---

Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Section 6532 of the Business and Professions Code is amended to read:

6532.

 A Only a person who has been licensed by holds a current and active license from the bureau may identify himself or herself themself as a “licensed professional fiduciary.”