By Nancy Wojtas
On August 5, 2009, Governor Schwarzenegger signed AB 991 (Silva). AB 991 updates the references in the California Corporations Code to NASDAQ, FINRA, Pink Sheets etc. It also adds the NASDAQ Capital Market to Sections 301.5 and Section 2115 which is a pretty nice benefit for capital market companies. The law takes effect January 1, 2010.