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California: Bill on opt out rights in relation to mergers passes third reading

On May 2, 2024, Assembly Bill 1824 for California Consumer Privacy Act of 2018: opt-out right: mergers passed its third reading and was read for the first time in the California State Senate.

If enacted, the bill would require businesses that transfer consumer personal information as an asset in a merger, acquisition, bankruptcy, or other transaction in which the transferee assumes control of all or part of the transferor to comply with a consumer's opt-out direction to the transferor.

You can read the bill here and track its progress here.