CA AB 586
in committeeProfessional fiduciaries.
California · 2025-2026 Regular Session · lower
Quick answers
Did CA AB 586 pass?
Not yet. CA AB 586 is in committee as of 2025-08-29 and has not come to a final vote. Latest recorded action (2025-08-29): In committee: Held under submission.
What is CA AB 586 about?
Existing law, the Professional Fiduciaries Act, establishes, until January 1, 2028, the Professional Fiduciaries Bureau, and requires the bureau to license and regulate professional fiduciaries. The act defines various terms for these purposes. The act requires the bureau to maintain specified information in each licensee's file, and requires a licensee to annually file with the bureau a statement under penalty of perjury containing specified information, including among other things, any licenses or professional certificates held by the licensee. Existing law, the Moscone-Knox Professional Corporation Act, defines and regulates professional corporations. The act provides that a professional organization renders professional services that may be lawfully rendered only pursuant to a license, certification, or registration authorized by, among others, the Business and Professions Code pursuant to a certificate of registration issued by the governmental agency regulating the profession, as specified. This bill would authorize licensees to organize professional fiduciary professional corporations to provide professional fiduciary services, and would prescribe requirements and regulations for those professional corporations to provide fiduciary services. The bill would require a professional fiduciary professional corporation to register with the Secretary of State, as provided, and would require the corporation, its officers, directors, shareholders, and employees rendering professional fiduciary services to be in compliance with the Moscone-Knox Professional Corporation Act. The bill would require the information maintained by the bureau in each licensee's file, and the annual statement filed by a licensee, to include additional information, including information related to whether the licensee is serving with or under a professional fiduciary corporation. By expanding the scope of the crime of perjury, this bill would impose a state-mandated local program. Existing law authorizes the bureau to suspend, revoke, deny, or impose other disciplinary action on a professional fiduciary license for specified causes, including, among other things, violating specified laws, rules, or regulations pertaining to duties or functions of a professional fiduciary. This bill would add to that list of causes the failure of a licensee to, in a timely manner, respond to inquiries or produce documents requested by the bureau, including inquiries and documents related to a professional fiduciary professional corporation. Existing law generally regulates probate, guardianship, conservatorship, and other protective proceedings. Existing law defines "professional fiduciary" for these purposes. This bill would include a professional fiduciary professional corporation, described above, in that definition of "professional fiduciary." Existing law prohibits a superior court from appointing a person to carry out the duties of a professional fiduciary unless that person holds a valid, unexpired, and unsuspended license as a professional fiduciary or is exempt from those licensing requirements, as specified. This bill would repeal those provisions and would instead prohibit a superior court from appointing a professional fiduciary as, or permitting a professional fiduciary to continue as, a guardian, conservator, personal representative, or trustee, unless the professional fiduciary satisfies one of specified requirements. Existing constitutional provisions require that a statute that limits the right of access to the meetings of public bodies or the writings of public officials and agencies be adopted with findings demonstrating the interest protected by the limitation and the need for protecting that interest. This bill would make legislative findings to that effect. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.
Who sponsors CA AB 586?
Flora is the primary sponsor of CA AB 586.
Description
Existing law, the Professional Fiduciaries Act, establishes, until January 1, 2028, the Professional Fiduciaries Bureau, and requires the bureau to license and regulate professional fiduciaries. The act defines various terms for these purposes. The act requires the bureau to maintain specified information in each licensee's file, and requires a licensee to annually file with the bureau a statement under penalty of perjury containing specified information, including among other things, any licenses or professional certificates held by the licensee. Existing law, the Moscone-Knox Professional Corporation Act, defines and regulates professional corporations. The act provides that a professional organization renders professional services that may be lawfully rendered only pursuant to a license, certification, or registration authorized by, among others, the Business and Professions Code pursuant to a certificate of registration issued by the governmental agency regulating the profession, as specified. This bill would authorize licensees to organize professional fiduciary professional corporations to provide professional fiduciary services, and would prescribe requirements and regulations for those professional corporations to provide fiduciary services. The bill would require a professional fiduciary professional corporation to register with the Secretary of State, as provided, and would require the corporation, its officers, directors, shareholders, and employees rendering professional fiduciary services to be in compliance with the Moscone-Knox Professional Corporation Act. The bill would require the information maintained by the bureau in each licensee's file, and the annual statement filed by a licensee, to include additional information, including information related to whether the licensee is serving with or under a professional fiduciary corporation. By expanding the scope of the crime of perjury, this bill would impose a state-mandated local program. Existing law authorizes the bureau to suspend, revoke, deny, or impose other disciplinary action on a professional fiduciary license for specified causes, including, among other things, violating specified laws, rules, or regulations pertaining to duties or functions of a professional fiduciary. This bill would add to that list of causes the failure of a licensee to, in a timely manner, respond to inquiries or produce documents requested by the bureau, including inquiries and documents related to a professional fiduciary professional corporation. Existing law generally regulates probate, guardianship, conservatorship, and other protective proceedings. Existing law defines "professional fiduciary" for these purposes. This bill would include a professional fiduciary professional corporation, described above, in that definition of "professional fiduciary." Existing law prohibits a superior court from appointing a person to carry out the duties of a professional fiduciary unless that person holds a valid, unexpired, and unsuspended license as a professional fiduciary or is exempt from those licensing requirements, as specified. This bill would repeal those provisions and would instead prohibit a superior court from appointing a professional fiduciary as, or permitting a professional fiduciary to continue as, a guardian, conservator, personal representative, or trustee, unless the professional fiduciary satisfies one of specified requirements. Existing constitutional provisions require that a statute that limits the right of access to the meetings of public bodies or the writings of public officials and agencies be adopted with findings demonstrating the interest protected by the limitation and the need for protecting that interest. This bill would make legislative findings to that effect. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.
- Introduced
- 2025-04-21
- Latest action
- 2025-08-29 — In committee: Held under submission.
- Bill type
- bill
- Last updated
- —
Subjects
Sponsors
- Floraauthor
Committees
Not provided by source.
Action timeline
2025-02-12
Read first time. To print.
reading-1
2025-02-13
From printer. May be heard in committee March 15.
2025-03-03
Referred to Coms. on B. & P. and JUD.
referral-committee
2025-04-01
From committee: Do pass and re-refer to Com. on JUD. with recommendation: To Consent Calendar. (Ayes 17. Noes 0.) (April 1). Re-referred to Com. on JUD.
committee-passage,committee-passage-favorable,referral-committee
2025-04-21
From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.
amendment-introduction,amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2025-04-22
Re-referred to Com. on JUD.
referral-committee
2025-04-22
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 12. Noes 0.) (April 22). Re-referred to Com. on APPR.
committee-passage,committee-passage-favorable,referral-committee
2025-04-30
In committee: Set, first hearing. Referred to suspense file.
referral-committee
2025-05-23
From committee: Do pass. (Ayes 14. Noes 0.) (May 23).
committee-passage,committee-passage-favorable
2025-05-27
Read second time. Ordered to third reading.
reading-1,reading-2,reading-3
2025-06-02
Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1926.)
passage,reading-1,reading-3
2025-06-03
In Senate. Read first time. To Com. on RLS. for assignment.
reading-1,referral-committee
2025-06-11
Referred to Coms. on B. P. & E.D. and JUD.
referral-committee
2025-06-26
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. P. & E.D.
amendment-introduction,amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2025-07-08
From committee: Amend, and do pass as amended and re-refer to Com. on JUD. (Ayes 10. Noes 0.) (July 7).
amendment-introduction,amendment-passage,committee-passage,referral-committee
2025-07-09
Read second time and amended. Re-referred to Com. on JUD.
amendment-passage,reading-1,reading-2,referral-committee
2025-07-16
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 13. Noes 0.) (July 15). Re-referred to Com. on APPR.
committee-passage,committee-passage-favorable,referral-committee
2025-08-07
In committee: Hearing postponed by committee.
2025-08-18
(Ayes 27. Noes 0. Page 2170.)
2025-08-18
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR.
amendment-introduction,amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2025-08-25
In committee: Referred to suspense file.
referral-committee
2025-08-29
In committee: Held under submission.
Versions
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Votes
Do pass and be re-referred to the Committee on [Judiciary] with recommendation: To Consent Calendar
2025-04-01 · pass · 17-0
Member-level votes (18)
- Haney: yes
- Jackson: yes
- Ahrens: yes
- Chen: yes
- Lowenthal: yes
- Macedo: yes
- Krell: yes
- Nguyen: yes
- Bains: yes
- Hadwick: yes
- Alanis: yes
- Pellerin: yes
- Flora: yes
- Irwin: yes
- Caloza: yes
- Elhawary: yes
- Berman: yes
- Bauer-Kahan: other
Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar
2025-04-22 · pass · 12-0
Member-level votes (12)
- Kalra: yes
- Harabedian: yes
- Bauer-Kahan: yes
- Macedo: yes
- Sanchez: yes
- Lee: yes
- Dixon: yes
- Stefani: yes
- Zbur: yes
- Connolly: yes
- Pacheco: yes
- Bryan: yes
Do pass.
2025-05-23 · pass · 14-0
Member-level votes (15)
- Calderon: yes
- Elhawary: yes
- Dixon: yes
- Hart: yes
- Mark González: yes
- Arambula: yes
- Pacheco: yes
- Solache: yes
- Ta: yes
- Caloza: yes
- Wicks: yes
- Pellerin: yes
- Fong: yes
- Tangipa: yes
- Sanchez: other
AB 586 Flora Assembly Third Reading
2025-06-03 · pass · 77-0
Member-level votes (79)
- Rivas: yes
- Rogers: yes
- Wicks: yes
- Irwin: yes
- Arambula: yes
- Caloza: yes
- Ward: yes
- Nguyen: yes
- Patel: yes
- Solache: yes
- Chen: yes
- Bonta: yes
- McKinnor: yes
- Pacheco: yes
- DeMaio: yes
- Celeste Rodriguez: yes
- Castillo: yes
- Sanchez: yes
- Schultz: yes
- Hadwick: yes
- Bryan: yes
- Michelle Rodriguez: yes
- Mark González: yes
- Patterson: yes
- Carrillo: yes
- Muratsuchi: yes
- Papan: yes
- Jeff Gonzalez: yes
- Ransom: yes
- Wallis: yes
- Elhawary: yes
- Davies: yes
- Macedo: yes
- Sharp-Collins: yes
- Berman: yes
- Jackson: yes
- Wilson: yes
- Lackey: yes
- Petrie-Norris: yes
- Harabedian: yes
- Ellis: yes
- Aguiar-Curry: yes
- Connolly: yes
- Quirk-Silva: yes
- Soria: yes
- Tangipa: yes
- Gipson: yes
- Alvarez: yes
- Hoover: yes
- Ta: yes
- Zbur: yes
- Flora: yes
- Valencia: yes
- Addis: yes
- Garcia: yes
- Gallagher: yes
- Krell: yes
- Ahrens: yes
- Stefani: yes
- Calderon: yes
- Blanca Rubio: yes
- Lowenthal: yes
- Schiavo: yes
- Gabriel: yes
- Dixon: yes
- Ávila Farías: yes
- Fong: yes
- Ramos: yes
- Pellerin: yes
- Kalra: yes
- Alanis: yes
- Haney: yes
- Hart: yes
- Boerner: yes
- Bauer-Kahan: yes
- Ortega: yes
- Bains: yes
- Lee: other
- Bennett: other
Do pass as amended, but first amend, and re-refer to the Committee on [Judiciary]
2025-07-07 · pass · 10-0
Member-level votes (11)
- Niello: yes
- Menjivar: yes
- Umberg: yes
- Strickland: yes
- Archuleta: yes
- Arreguín: yes
- Ashby: yes
- Grayson: yes
- Choi: yes
- Weber Pierson: yes
- Smallwood-Cuevas: other
Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar
2025-07-15 · pass · 13-0
Member-level votes (13)
- Caballero: yes
- Niello: yes
- Ashby: yes
- Wahab: yes
- Laird: yes
- Umberg: yes
- Weber Pierson: yes
- Wiener: yes
- Stern: yes
- Valladares: yes
- Allen: yes
- Arreguín: yes
- Durazo: yes
Placed on suspense file
2025-08-25 · pass · 6-0
Member-level votes (7)
- Grayson: yes
- Cabaldon: yes
- Caballero: yes
- Dahle: yes
- Richardson: yes
- Seyarto: yes
- Wahab: other
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z
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