CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Senate Bill No. 738Introduced by Senator HurtadoFebruary 17, 2023 An act relating to businesses. LEGISLATIVE COUNSEL'S DIGESTSB 738, as introduced, Hurtado. Secretary of State: business filings: foreign-owned shell companies.Existing law requires specified businesses and corporations to file certain business-related information with the Secretary of State.This bill would state the intent of the Legislature to enact legislation that requires the Secretary of State to request the beneficial owners of foreign-owned shell companies to disclose specified personal information.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. This act shall be known as the Corporate Transparency Act.SEC. 2. It is the intent of the Legislature to enact legislation that requires the Secretary of State to request the beneficial owners of foreign-owned shell companies to disclose their (1) full legal name, (2) date of birth, (3) current residential or business street address, and (4) unique identifying number from an acceptable identification document or Secretary of State identification number, if available.
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Senate Bill No. 738Introduced by Senator HurtadoFebruary 17, 2023 An act relating to businesses. LEGISLATIVE COUNSEL'S DIGESTSB 738, as introduced, Hurtado. Secretary of State: business filings: foreign-owned shell companies.Existing law requires specified businesses and corporations to file certain business-related information with the Secretary of State.This bill would state the intent of the Legislature to enact legislation that requires the Secretary of State to request the beneficial owners of foreign-owned shell companies to disclose specified personal information.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION
Senate Bill
No. 738
Introduced by Senator HurtadoFebruary 17, 2023
Introduced by Senator Hurtado
February 17, 2023
An act relating to businesses.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
SB 738, as introduced, Hurtado. Secretary of State: business filings: foreign-owned shell companies.
Existing law requires specified businesses and corporations to file certain business-related information with the Secretary of State.This bill would state the intent of the Legislature to enact legislation that requires the Secretary of State to request the beneficial owners of foreign-owned shell companies to disclose specified personal information.
Existing law requires specified businesses and corporations to file certain business-related information with the Secretary of State.
This bill would state the intent of the Legislature to enact legislation that requires the Secretary of State to request the beneficial owners of foreign-owned shell companies to disclose specified personal information.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. This act shall be known as the Corporate Transparency Act.SEC. 2. It is the intent of the Legislature to enact legislation that requires the Secretary of State to request the beneficial owners of foreign-owned shell companies to disclose their (1) full legal name, (2) date of birth, (3) current residential or business street address, and (4) unique identifying number from an acceptable identification document or Secretary of State identification number, if available.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. This act shall be known as the Corporate Transparency Act.
SECTION 1. This act shall be known as the Corporate Transparency Act.
SECTION 1. This act shall be known as the Corporate Transparency Act.
### SECTION 1.
SEC. 2. It is the intent of the Legislature to enact legislation that requires the Secretary of State to request the beneficial owners of foreign-owned shell companies to disclose their (1) full legal name, (2) date of birth, (3) current residential or business street address, and (4) unique identifying number from an acceptable identification document or Secretary of State identification number, if available.
SEC. 2. It is the intent of the Legislature to enact legislation that requires the Secretary of State to request the beneficial owners of foreign-owned shell companies to disclose their (1) full legal name, (2) date of birth, (3) current residential or business street address, and (4) unique identifying number from an acceptable identification document or Secretary of State identification number, if available.
SEC. 2. It is the intent of the Legislature to enact legislation that requires the Secretary of State to request the beneficial owners of foreign-owned shell companies to disclose their (1) full legal name, (2) date of birth, (3) current residential or business street address, and (4) unique identifying number from an acceptable identification document or Secretary of State identification number, if available.
### SEC. 2.