California AG Proposes Charitable Crowdfunding Regulations

The California Department of Justice just issued a Notice of Amendments to Regulations implementing Assembly Bill No. 488, which relates to charitable crowdfunding. Fellow blogger Darryll Jones summarized an earlier set of proposed regulations on this topic, which it appears that the new set of proposed regulations is superseding. 

I have not had time to parse through them to see what has changed from the initial proposed regulations – nor does it appear anyone else has, which is understandable given the upcoming Thanksgiving holiday – but in the interests of getting the news about them out as quickly as possible I am doing this initial post. Comments are due in 45 days, so early January 2024.

Lloyd Mayer