California Department of Corporations

Department of Corporations
Department overview
Dissolved July 1, 2013 (2013-07-01)
Superseding agency
Jurisdiction California
Department executive
  • , Commissioner of Corporations
Parent department Business, Transportation and Housing Agency

The California Department of Corporations (DOC) was a department within the former California Business, Transportation and Housing Agency in California. The chief officer was the Department was Commissioner of Corporations. Effective July 1, 2013, the Department of Corporations and Department of Financial Institutions became divisions of the California Department of Business Oversight (DBO) pursuant to the Governor's Reorganization Plan No. 2 of 2012.

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:

List of Commissioners

Name Term
Preston DuFauchard 06-12-06 to present
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

  1. ↑ Stats. 1913, ch. 353
  2. ↑ California Secretary of State Referendum Data
  3. ↑ Keith Paul Bishop, "The Case Against Consolidation", Los Angeles Daily Journal (June 30, 2009)
  4. ↑ Letter dated April 13, 2012 from Keith Paul Bishop to Little Hoover Commission
  5. ↑ A Review of Governor's Reorganization Plan No. 2 (May 2012)
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