Banking
Jul. 12, 2014
Passage of AB 129 falls a 'bit' short
Assembly Bill 129, California's recent attempt to "legalize" the use of digital as well as paper "community" currencies does not appear to have accomplished as much as it promised. By Kenneth N. Russak
Assembly Bill 129, California's recent attempt to "legalize" the use of digital as well as paper "community" currencies does not appear to have accomplished as much as it promised, as it repealed only one of two statutes that made alternative currencies illegal. The June 28 passage of AB 129 repealed Corporations Code Section 107, a 1972 statute that provided, "No corporation, association, or individual shall issu...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In