Property: nonprobate transfer of ownership.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Enacted

Summary

The bill changes California probate law so that when a security is held in beneficiary form and the owner dies, the registering entity must notify each named beneficiary and deliver the share within 60 days. It limits the personal information the entity can demand, bans account‑opening requirements, and adds nonprofit and charitable trusts as eligible beneficiaries with reduced documentation. The goal is to speed up non‑probate transfers while protecting privacy.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

Read third time. Passed. (Ayes 70. Noes 3. Page 6377.) Ordered to the Senate. · Aug 24, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · Aug 5, 2026
• Judiciary Committee Hearing
  Judiciary · Jun 16, 2026
• Judiciary Committee Hearing
  Judiciary · Jun 16, 2026
• Judiciary Committee Hearing
  Judiciary · Apr 14, 2026
• Judiciary
  Senate Judiciary Committee · Apr 14, 2026

History

1. May 26, 2026Referred to Com. on JUD.
2. May 19, 2026In Assembly. Read first time. Held at Desk.
3. May 18, 2026Read third time. Passed. (Ayes 37. Noes 0.) Ordered to the Assembly.
4. Apr 16, 2026Read second time. Ordered to third reading.
5. Apr 15, 2026From committee: Do pass. (Ayes 11. Noes 0. Page 3869.) (April 14).
6. Apr 2, 2026Set for hearing April 14.
7. Apr 2, 2026April 7 set for first hearing canceled at the request of author.
8. Mar 26, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD.
9. Mar 18, 2026Set for hearing April 7.
10. Mar 4, 2026Referred to Com. on JUD.
11. Feb 23, 2026Read first time.
12. Feb 23, 2026From printer. May be acted upon on or after March 23.

The 12 most recent of 13 recorded actions.

Sponsors

• John Laird (D) · sponsor
• Laird

Bill text

Opens the legislature’s own copy.

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