Bill Status of HB 2963   100th General Assembly

Short Description:  BUSINESS-TECH

House Sponsors
Rep. Elaine Nekritz

Senate Sponsors
(Sen. Don Harmon-Michael Connelly)


Last Action  View All Actions

DateChamber Action
  12/8/2017HousePublic Act . . . . . . . . . 100-0561

Statutes Amended In Order of Appearance
805 ILCS 180/45-55

Synopsis As Introduced
Amends the Limited Liability Company Act. Makes a technical change in a Section concerning service of process on a foreign limited liability company.

House Committee Amendment No. 1
Deletes reference to:
805 ILCS 180/45-55
Adds reference to:
New Act
805 ILCS 5/1.63 new
805 ILCS 5/13.45from Ch. 32, par. 13.45
805 ILCS 10/5from Ch. 32, par. 415-5
805 ILCS 15/3from Ch. 32, par. 633
805 ILCS 105/101.70from Ch. 32, par. 101.70
805 ILCS 180/15-1
805 ILCS 180/15-5
805 ILCS 180/35-45
805 ILCS 180/37-5
805 ILCS 180/37-10
805 ILCS 180/37-36
805 ILCS 180/50-10
805 ILCS 180/50-50
805 ILCS 180/37-15 rep.
805 ILCS 180/37-16 rep.
805 ILCS 180/37-17 rep.
805 ILCS 180/37-31 rep.
805 ILCS 180/37-32 rep.
805 ILCS 180/37-33 rep.
805 ILCS 180/37-34 rep.
805 ILCS 206/902
805 ILCS 206/903 rep.
805 ILCS 206/904 rep.
805 ILCS 206/909 rep.
805 ILCS 215/103
805 ILCS 215/110
805 ILCS 215/1101
805 ILCS 215/1102
805 ILCS 215/1110
805 ILCS 215/1111
805 ILCS 215/1112
805 ILCS 215/1113
805 ILCS 215/1308
805 ILCS 215/1103 rep.
805 ILCS 215/1104 rep.
805 ILCS 215/1105 rep.

Replaces everything after the enacting clause. Creates the Entity Omnibus Act. Establishes a framework for the conversion of corporations, not-for-profit corporations, limited liability companies, limited partnerships, and partnerships into other forms of business. Provides a framework for those entities to change the situs of domestication. Provides administrative authority to the Secretary of State. Sets forth the requirements for effecting the conversion or domestication. Amends the Business Corporation Act of 1983, the Professional Service Corporation Act, the Medical Corporation Act, the General Not For Profit Corporation Act of 1986, the Limited Liability Company Act, the Uniform Partnership Act (1997), and the Uniform Limited Partnership Act (2001) to make corresponding changes in those Acts. Effective July 1, 2017.

House Floor Amendment No. 3
Deletes reference to:
805 ILCS 10/5
Adds reference to:
805 ILCS 180/50-55 new

Provides that until July 1, 2021, $10 of the fee for filing annual reports shall be deposited into the Business Services Special Operations Fund and remainder of that fee shall be deposited into the General Revenue Fund. Removes professional service corporations from the scope of the bill. Changes the effective date to July 1, 2018.

House Floor Amendment No. 4
Adds reference to:
805 ILCS 10/3.4from Ch. 32, par. 415-3.4
805 ILCS 10/5from Ch. 32, par. 415-5

In a provision concerning authorized conversions under the Entity Omnibus Act created under House Amendment No. 1, provides that a domestic entity may become (i) a domestic entity of a different type or (ii) a foreign entity of a different type, if the conversion is authorized by the law of the foreign jurisdiction. Amends the Professional Service Corporation Act. Expands the definition of "professional corporation" to include an entity converted to a corporation under the Entity Omnibus Act and a foreign corporation domesticated under the Entity Omnibus Act. Provides that a conversion to or from a professional corporation under the Entity Omnibus Act is permitted only if the converted entity is organized to render the same specific professional service or related professional services.

Actions 
DateChamber Action
  2/9/2017HouseFiled with the Clerk by Rep. Elaine Nekritz
  2/9/2017HouseFirst Reading
  2/9/2017HouseReferred to Rules Committee
  2/22/2017HouseAssigned to Executive Committee
  3/15/2017HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz
  3/15/2017HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/21/2017HouseRe-assigned to Judiciary - Civil Committee
  3/21/2017HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
  3/22/2017HouseTo Commercial Law Subcommittee
  3/24/2017HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Elaine Nekritz
  3/24/2017HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  3/29/2017HouseRecommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-001-000
  3/29/2017HouseReported Back To Judiciary - Civil Committee;
  3/29/2017HouseHouse Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
  3/29/2017HouseMotion Do Pass as Amended - Lost Judiciary - Civil Committee; 005-003-000
  3/29/2017HouseRemains in Judiciary - Civil Committee
  3/29/2017HouseDo Pass as Amended / Short Debate Judiciary - Civil Committee; 007-003-000
  3/29/2017HouseHouse Committee Amendment No. 2 Tabled Pursuant to Rule 40
  3/29/2017HousePlaced on Calendar 2nd Reading - Short Debate
  4/3/2017HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Elaine Nekritz
  4/3/2017HouseHouse Floor Amendment No. 3 Referred to Rules Committee
  4/4/2017HouseHouse Floor Amendment No. 3 Rules Refers to Judiciary - Civil Committee
  4/5/2017HouseHouse Floor Amendment No. 3 Recommends Be Adopted Judiciary - Civil Committee; 009-000-000
  4/7/2017HouseSecond Reading - Short Debate
  4/7/2017HouseHouse Floor Amendment No. 3 Adopted
  4/7/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/21/2017HouseHouse Floor Amendment No. 4 Filed with Clerk by Rep. Elaine Nekritz
  4/21/2017HouseHouse Floor Amendment No. 4 Referred to Rules Committee
  4/24/2017HouseHouse Floor Amendment No. 4 Recommends Be Adopted Rules Committee; 004-000-000
  4/24/2017HouseRecalled to Second Reading - Short Debate
  4/24/2017HouseHeld on Calendar Order of Second Reading - Short Debate
  4/25/2017HouseHouse Floor Amendment No. 4 Adopted
  4/25/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/26/2017HouseThird Reading - Short Debate - Passed 116-000-000
  4/27/2017SenateArrive in Senate
  4/27/2017SenatePlaced on Calendar Order of First Reading
  4/27/2017SenateChief Senate Sponsor Sen. Don Harmon
  4/27/2017SenateFirst Reading
  4/27/2017SenateReferred to Assignments
  5/2/2017SenateAssigned to Judiciary
  5/9/2017SenateDo Pass Judiciary; 010-000-000
  5/9/2017SenatePlaced on Calendar Order of 2nd Reading May 10, 2017
  5/15/2017SenateSecond Reading
  5/15/2017SenatePlaced on Calendar Order of 3rd Reading May 16, 2017
  5/26/2017SenateRule 2-10 Third Reading Deadline Established As May 31, 2017
  8/4/2017SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  10/18/2017SenateApproved for Consideration Assignments
  10/18/2017SenatePlaced on Calendar Order of 3rd Reading
  10/25/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Michael Connelly
  10/25/2017SenateThird Reading - Passed; 058-000-000
  10/25/2017HousePassed Both Houses
  11/22/2017HouseSent to the Governor
  12/8/2017HouseGovernor Approved
  12/8/2017HouseEffective Date July 1, 2018
  12/8/2017HousePublic Act . . . . . . . . . 100-0561

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