§ 101878 Retroactive Corporate Records Application

Health and Safety Code·California

AI SummaryVerified

This law says that the new rules apply to all old records of any company that the law covers, even if those records were made before the law existed.

Key Takeaways

•The law works retroactively – it reaches back to cover old records.
•It applies to any corporation that the chapter is meant for.
•The retroactive effect starts on the law’s effective date (Jan. 1, 1998).

Example

A company kept its financial reports from 1995 on file. The new law took effect on Jan. 1, 1998.

Even though the reports were written before 1998, the company must now follow the new rules for those old reports because the law works retroactively.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 101878 Retroactive Corporate Records Application

It is the intent of the Legislature that the provisions of this chapter shall apply retroactively to all of the records of any corporation to which this chapter applies, as of the effective date of this chapter, notwithstanding that this chapter was not in effect at the time the corporation created or obtained those records. (Added by Stats. 1997, Ch. 927, Sec. 2. Effective January 1, 1998.)

Last verified: January 11, 2026

Key Terms

retroactively records corporation effective date

References

Official text at leginfo.legislature.ca.gov
California Legislature. Health and Safety Code. Section 101878.

Key Takeaways

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Key Terms

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Key Takeaways

Example

Key Terms

Related Statutes

References