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UCC & Corporate Due Diligence

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California Assembly Bill 2416

 Legislation

Assembly Bill 2416, a bill currently moving through the California Legislature, could have negative effects on California business owners. The bill will allow an employee to place a lien on the personal property of their employer. Many organizations are opposed to this bill and have been vocal about their opposition, including the California Escrow Association. Below is the CEA’s stance on the bill: AB 2416 (Stone) would allow an employee,…READ MORE

Assembly Bill 2416 [Update]

 Legislation

From the California Escrow Association: CEA and CLTA have been strongly opposing AB 2416 (Stone).  AB 2416 was heard on the Senate Floor on Thursday, August 28, and failed, but was granted reconsideration, meaning it may come up for a vote again. Though we’ve heard about possible amendments underway, none that we are aware of would remove our concerns. Please see here for their original post. READ MORE