Senate Bill 793 (Weller – 1929)
Chapter 711, Statutes of 1929 - SB 793
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Former Civil Code sections relating to corporations were affected in 1929 following legislative approval of Senate Bill 793, introduced on January 18, 1929 by Senator Frank C. Weller. (See Exhibit #1a) This bill was sponsored by the State Bar of California. (See generally, Exhibits #8 and #9)
Senate Bill 793 was assigned to the Senate and Assembly Committees on Corporations where policy issues raised by the bill were considered. (See Exhibit #2) Five amendments were made to Senate Bill 793 as the bill was considered by the Legislature. (See Exhibits #1b through #1f and #2) Subsequent to legislative approval, Governor Clement C. Young signed Senate Bill 793 on June 6, 1929, and it was recorded by the Secretary of State on that date as Chapter 711 of the Statutes of 1929. (See Exhibits #1g and #2)
The sponsor of this bill, the State Bar of California, described the proposals in Senate Bill 793 as follows:
. . . It comprises amendments of forty sections of the Civil Code, as well as four new sections, and repeals twenty-seven sections. And the extent of these amendments is less important than the character of the changes in principle that some of them embody. While this bill was not a part of The State Bar program, it is quite directly due to the work that has been done The State Bar Committee in preparing a draft of a general revision of the corporation law; for a large number of its provisions were taken from the First and Second Preliminary Reports of the Committee (printed as supplements to the November and December issues of The State Bar Journal) and the draftsman and several members of the Committee collaborated, tho [sic] unofficially, with the author of the bill in working upon its various drafts.(See Exhibit #9h, page 263)