California Department of Corporations
| Department overview | |
|---|---|
| Dissolved | July 1, 2013 |
| Superseding agency |
|
| Jurisdiction | California |
| Department executive |
|
| Parent department | Business, Transportation and Housing Agency |
The California Department of Corporations (DOC) was a department within the former
History
The Department of Corporations was originally known as the "State Corporation Department" and was created by the "Investment Companies Act".[1] Governor Hiram Johnson appointed H.L. Carnahan as California's first Commissioner of Corporations in 1914. The Investment Companies Act faced immediate opposition but was approved by the voters in a 1914 referendum.[2]
In 1917, the legislature enacted the Corporate Securities Act.
The combination of the Department of Corporations and the Department of Financial Institutions was controversial. A 2009 proposal introduced by Assemblymember Nava (AB 33) was opposed by five former Commissioners, Superintendents and Chief Deputies of the Departments of Banking and Financial Institutions who signed a letter voicing their "strong" opposition to the plan.[3] That proposal failed to be enacted. Former Commissioner of Corporations Keith Paul Bishop testified against the Governor's reorganization plan when it was being considered by California's Little Hoover Commission.[4] Notwithstanding these concerns, the Little Hoover Commission recommended that the Legislature allow the Governor's Reorganization Plan go forward.[5]
Laws administered
The Department of Corporations administered and enforced the following California laws:
- Corporate SecuritiesLaw of 1968
- Franchise Investment Law
- California Commodity Law of 1990
- Capital Access Company Law
- Deferred Deposit Transaction Law
- Bucket Shop Law
- Escrow Law
- California Finance Lenders Law
- California Residential Mortgage Lending Act
List of commissioners
| Name | Tenure |
|---|---|
| Jan Lynn Owen | 12-27-11 2019 |
| Preston DuFauchard | 06-12-06 to 12-26-11 |
| Wayne Strumpfer (A) | 04-12-05 to 06-12-06 |
| William P. Wood (A) | 12-15-03 to 04-08-05 |
| Demetrios A. Boutris | 2-15-01 to 12-14-03 |
| William Kenefick (A) | 1-4-99 to 2-14-01 |
| Dale E. Bonner | 1-26-98 to 1-3-99 |
| Keith Paul Bishop | 5-22-96 to 9-30-97 |
| Gary S. Mendoza | 8-9-93 to 3-5-96 |
| Brian A. Thompson (A) | 2-1-93 to 8-8-93 |
| Thomas S. Sayles | 6-3-91 to 1-31-93 |
| Christine W. Bender | 4-2-87 to 5-31-91 |
| Franklin Tom | 3-15-83 to 2-28-87 |
| Geraldine D. Green | 1-7-80 to 1-2-83 |
| Robert E. LaNoue (A) | 10-1-79 to 1-6-80 |
| Peter R. Pancione (A) | 5-1-79 to 9-30-79 |
| Willie R. Barnes | 1-28-75 to 4-30-79 |
| Robert L. Toms | 3-14-74 to 1-27-75 |
| Brian R. Van Camp | 9-1-71 to 3-8-74 |
| James L. Kelly (A) | 8-1-71 to 8-31-71 |
| Anthony R. Pierno | 2-13-69 to 7-31-71 |
| Robert H. Volk | 2-14-67 to 2-12-69 |
| Jerald S. Schutzbank | 12-14-65 to 1-1-67 |
| C.E. Rickershauser, Jr. | 1-20-64 to 12-13-65 |
| A.T. Sullivan | 12-20-63 to 1-19-64 |
| John C. Sobieski | 1-5-59 to 12-19-63 |
| W.H. Stephenson | 9-1-54 to 1-4-59 |
| H.A. Smith | 4-1-54 to 8-31-54 |
| Edwin M. Daugherty | 9-1-31 to 3-31-54 |
| R. Haight | 1-6-31 to 9-1-31 |
| A. Garland | 9-2-30 to 1-6-31 |
| F.G. Athearn | 1-24-30 to 8-31-30 |
| A. Garland | 10-16-29 to 1-24-30 |
| F.G. Athearn | 4-4-29 to 10-15-29 |
| J.M. Freidlander | 3-2-27 to 4-3-29 |
| C. MacMillan | 9-8-26 to 3-2-27 |
| Edwin M. Daugherty | 2-1-22 to 9-7-26 |
| E.C. Bellows | 9-23-18 to 2-1-22 |
H.L. Carnahan
|
12-30-14 to 9-23-18 |
| Note: (A) denotes acting commissioner | |
References
- ^ Stats. 1913, ch. 353
- ^ "California Secretary of State Referendum Data". Archived from the original on 2013-09-29. Retrieved 2013-09-06.
- ^ Keith Paul Bishop, "The Case Against Consolidation", Los Angeles Daily Journal (June 30, 2009)
- ^ "Letter dated April 13, 2012 from Keith Paul Bishop to Little Hoover Commission" (PDF). Archived from the original (PDF) on December 3, 2013. Retrieved September 5, 2013.
- ^ "A Review of Governor's Reorganization Plan No. 2 (May 2012)" (PDF). Archived from the original (PDF) on 2013-10-24. Retrieved 2013-09-05.