AB 1939: Professional fiduciaries: corporate practice.

This bill aims to amend the existing Professional Fiduciaries Act to allow professional fiduciaries to organize professional fiduciary corporations to provide fiduciary services. These corporations would be required to register with the secretary of state and comply with the Moscone-Knox Professional Corporation Act. The bill would also require the Professional Fiduciaries Bureau to maintain additional information in each licensee's file and require annual statements under penalty of perjury. The bill would add new causes for disciplinary action, including failure to respond to inquiries or produce documents in a timely manner. It would also define "professional fiduciary professional corporation" for probate and guardianship purposes. The bill would repeal provisions allowing superior courts to appoint professional fiduciaries to certain roles and instead require them to satisfy specif…