CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 1440Introduced by Assembly Member ChenFebruary 17, 2023 An act to amend Section 16304 of the Corporations Code, relating to partnerships. LEGISLATIVE COUNSEL'S DIGESTAB 1440, as introduced, Chen. Uniform Partnership Act of 1994: partnership statements.Existing law, the Uniform Partnership Act of 1994, authorizes a partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent to file a statement of denial stating the name of the partnership as filed with the Secretary of State, any identification number issued by the Secretary of State, and the fact that it is being denied, that may include denial of a persons authority or status as a partner. Existing law provides that a statement of denial is a limitation on partnership authority. Existing law also permits a partner to become dissociated from a partnership and permits the filing of a statement of dissociation, as specified.This bill would specify that a statement of denial is not the same as a statement of dissociation.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 16304 of the Corporations Code is amended to read:16304. A partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent pursuant to subdivision (b) of Section 16303 may file a statement of denial stating the name of the partnership as filed with the Secretary of State, any identification number issued by the Secretary of State, and the fact that is being denied, that may include denial of a persons authority or status as a partner. A statement of denial is a limitation on authority as provided in subdivisions (d) and (e) of Section 16303. 16303 and is not the same as a statement of dissociation, as described in Section 16704.
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 1440Introduced by Assembly Member ChenFebruary 17, 2023 An act to amend Section 16304 of the Corporations Code, relating to partnerships. LEGISLATIVE COUNSEL'S DIGESTAB 1440, as introduced, Chen. Uniform Partnership Act of 1994: partnership statements.Existing law, the Uniform Partnership Act of 1994, authorizes a partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent to file a statement of denial stating the name of the partnership as filed with the Secretary of State, any identification number issued by the Secretary of State, and the fact that it is being denied, that may include denial of a persons authority or status as a partner. Existing law provides that a statement of denial is a limitation on partnership authority. Existing law also permits a partner to become dissociated from a partnership and permits the filing of a statement of dissociation, as specified.This bill would specify that a statement of denial is not the same as a statement of dissociation.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION
Assembly Bill
No. 1440
Introduced by Assembly Member ChenFebruary 17, 2023
Introduced by Assembly Member Chen
February 17, 2023
An act to amend Section 16304 of the Corporations Code, relating to partnerships.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 1440, as introduced, Chen. Uniform Partnership Act of 1994: partnership statements.
Existing law, the Uniform Partnership Act of 1994, authorizes a partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent to file a statement of denial stating the name of the partnership as filed with the Secretary of State, any identification number issued by the Secretary of State, and the fact that it is being denied, that may include denial of a persons authority or status as a partner. Existing law provides that a statement of denial is a limitation on partnership authority. Existing law also permits a partner to become dissociated from a partnership and permits the filing of a statement of dissociation, as specified.This bill would specify that a statement of denial is not the same as a statement of dissociation.
Existing law, the Uniform Partnership Act of 1994, authorizes a partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent to file a statement of denial stating the name of the partnership as filed with the Secretary of State, any identification number issued by the Secretary of State, and the fact that it is being denied, that may include denial of a persons authority or status as a partner. Existing law provides that a statement of denial is a limitation on partnership authority. Existing law also permits a partner to become dissociated from a partnership and permits the filing of a statement of dissociation, as specified.
This bill would specify that a statement of denial is not the same as a statement of dissociation.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 16304 of the Corporations Code is amended to read:16304. A partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent pursuant to subdivision (b) of Section 16303 may file a statement of denial stating the name of the partnership as filed with the Secretary of State, any identification number issued by the Secretary of State, and the fact that is being denied, that may include denial of a persons authority or status as a partner. A statement of denial is a limitation on authority as provided in subdivisions (d) and (e) of Section 16303. 16303 and is not the same as a statement of dissociation, as described in Section 16704.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 16304 of the Corporations Code is amended to read:16304. A partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent pursuant to subdivision (b) of Section 16303 may file a statement of denial stating the name of the partnership as filed with the Secretary of State, any identification number issued by the Secretary of State, and the fact that is being denied, that may include denial of a persons authority or status as a partner. A statement of denial is a limitation on authority as provided in subdivisions (d) and (e) of Section 16303. 16303 and is not the same as a statement of dissociation, as described in Section 16704.
SECTION 1. Section 16304 of the Corporations Code is amended to read:
### SECTION 1.
16304. A partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent pursuant to subdivision (b) of Section 16303 may file a statement of denial stating the name of the partnership as filed with the Secretary of State, any identification number issued by the Secretary of State, and the fact that is being denied, that may include denial of a persons authority or status as a partner. A statement of denial is a limitation on authority as provided in subdivisions (d) and (e) of Section 16303. 16303 and is not the same as a statement of dissociation, as described in Section 16704.
16304. A partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent pursuant to subdivision (b) of Section 16303 may file a statement of denial stating the name of the partnership as filed with the Secretary of State, any identification number issued by the Secretary of State, and the fact that is being denied, that may include denial of a persons authority or status as a partner. A statement of denial is a limitation on authority as provided in subdivisions (d) and (e) of Section 16303. 16303 and is not the same as a statement of dissociation, as described in Section 16704.
16304. A partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent pursuant to subdivision (b) of Section 16303 may file a statement of denial stating the name of the partnership as filed with the Secretary of State, any identification number issued by the Secretary of State, and the fact that is being denied, that may include denial of a persons authority or status as a partner. A statement of denial is a limitation on authority as provided in subdivisions (d) and (e) of Section 16303. 16303 and is not the same as a statement of dissociation, as described in Section 16704.
16304. A partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent pursuant to subdivision (b) of Section 16303 may file a statement of denial stating the name of the partnership as filed with the Secretary of State, any identification number issued by the Secretary of State, and the fact that is being denied, that may include denial of a persons authority or status as a partner. A statement of denial is a limitation on authority as provided in subdivisions (d) and (e) of Section 16303. 16303 and is not the same as a statement of dissociation, as described in Section 16704.