Bill Status of SB 3243   100th General Assembly

Short Description:  INS CD-DOMESTIC STOCK COMPANY

Senate Sponsors
Sen. John G. Mulroe

Last Action  View All Actions

DateChamber Action
  1/9/2019SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/Art. IIB heading new
215 ILCS 5/35B-1 new
215 ILCS 5/35B-5 new
215 ILCS 5/35B-10 new
215 ILCS 5/35B-15 new
215 ILCS 5/35B-20 new
215 ILCS 5/35B-25 new
215 ILCS 5/35B-30 new
215 ILCS 5/35B-35 new
215 ILCS 5/35B-40 new
215 ILCS 5/35B-45 new
215 ILCS 5/35B-50 new
215 ILCS 5/156from Ch. 73, par. 768

Synopsis As Introduced
Amends the Illinois Insurance Code. Creates the Domestic Stock Company Division Article in the Code. Provides that a domestic stock company may divide into 2 or more resulting companies pursuant to a plan of division. Contains provisions concerning the contents of the plan of division, approval of the plan of division by the Director of Insurance, effects of a division, certificates of division, liabilities, and shareholder rights. Makes conforming changes in provisions concerning mergers and consolidations.

Actions 
DateChamber Action
  2/16/2018SenateFiled with Secretary by Sen. John G. Mulroe
  2/16/2018SenateFirst Reading
  2/16/2018SenateReferred to Assignments
  2/27/2018SenateAssigned to Insurance
  4/13/2018SenateRule 2-10 Committee Deadline Established As April 27, 2018
  4/27/2018SenateRule 3-9(a) / Re-referred to Assignments
  1/9/2019SenateSession Sine Die

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