BILL NUMBER: AB 294INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Anderson FEBRUARY 17, 2009 An act relating to corporations. LEGISLATIVE COUNSEL'S DIGEST AB 294, as introduced, Anderson. Corporations: penalties. Existing law specifies conduct required of, or prohibited by, a corporation and its officers and directors, and imposes specified penalties for a violation of those requirements. This bill would declare the intent of the Legislature to amend those 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. It is the intent of the Legislature to amend Chapter 22 (commencing with Section 2200) of Division 1 of Title 1 of the Corporations Code relating to penalties for failing to comply with specified requirements of the Corporations Code.