Monday, November 21, 2022
The California Department of Justice today issued modifications to its proposed regulations under a new charitable crowdfunding law enacted by the state legislature. The new law is effective on January 1, 2023, but the DOJ is proposing to delay the effective date of the modified proposed regulation sections until January 1, 2024. The California DOJ published the initial draft of the proposed regulations on May 27, 2022. Comments on the modifications are due by December 7, 2022.
I have not had a chance to review the (many) modifications as the email announcing them just arrived in my inbox. But I suspect the NEO Law Group, which has been carefully following these new rules, will soon have a summary available.