Bill Status of SB 368   95th General Assembly

Short Description:  BUSINESS-ELECTRONIC FILING

Senate Sponsors
Sen. William R. Haine

House Sponsors
(Rep. William Davis and Lisa M. Dugan)


Last Action  View All Actions

DateChamber Action
  8/23/2007SenatePublic Act . . . . . . . . . 95-0368

Statutes Amended In Order of Appearance
805 ILCS 5/1.11 new
805 ILCS 5/1.80from Ch. 32, par. 1.80
805 ILCS 10/5from Ch. 32, par. 415-5
805 ILCS 105/101.11 new
805 ILCS 105/108.05from Ch. 32, par. 108.05
805 ILCS 180/5-25
805 ILCS 180/5-46 new
805 ILCS 180/5-47
805 ILCS 180/37-40
805 ILCS 206/101
805 ILCS 206/1003
805 ILCS 206/1103
805 ILCS 206/1104
805 ILCS 206/1208 new
805 ILCS 215/108
805 ILCS 215/109
805 ILCS 215/114
805 ILCS 215/117
805 ILCS 215/201
805 ILCS 215/210
805 ILCS 215/902
805 ILCS 215/1303
805 ILCS 215/1305
805 ILCS 310/22from Ch. 32, par. 326

Synopsis As Introduced
Amends the Business Corporation Act of 1983, the General Not For Profit Corporation Act of 1986, and the Limited Liability Company Act. Provides guidelines for electronic filing of documents or reports. Amends the Professional Service Corporation Act. Permits a professional corporation to merge with a domestic limited liability company to render the same specific professional service or related professional services. Prohibits the merger of a professional corporation with a foreign limited liability company. Further amends the Limited Liability Company Act. Provides that, if a foreign limited liability company has adopted an assumed name, the name of the series of members, managers, or interests with limited liability must contain the entire name under which the foreign limited liability company has been admitted to transact business in this State. Amends the Uniform Partnership Act (1997). Requires the Secretary of State to file a renewal statement report if the report complies with the requirements of the Act and, if it does not comply, to promptly return it to the limited liability partnership for any necessary corrections. Provides that, in the case of a non-conforming statement report, the expiration of the original or renewal statement will not occur if the limited liability partnership makes the necessary corrections and returns the report to the Secretary of State within 30 days of the date that the report was returned to the partnership for corrections. Amends the Uniform Limited Partnership Act (2001). Prohibits the name of a limited partnership from containing any of certain listed terms. Sets out penalties for a limited partnership or foreign limited partnership that fails to designate and continuously maintain an agent for service of process, fails to file its annual report or pay the requisite fee, or fails to provide its Federal Employer Identification Number within the required time period. Amends the Co-operative Act in relation to use of the term "Co-operative". Makes other changes. Effective July 1, 2007.

Senate Committee Amendment No. 1
Further amends the Co-operative Act. Provides, in the exceptions for a corporation or association that has not otherwise complied with the Act to use the term "Co-operative" as a part of its corporate or other business name, that a cooperative corporation organized under the General Not For Profit Corporation Act of 1986 or its predecessor or successor statutes may use the term.

Actions 
DateChamber Action
  2/7/2007SenateFiled with Secretary by Sen. William R. Haine
  2/7/2007SenateFirst Reading
  2/7/2007SenateReferred to Rules
  2/21/2007SenateAssigned to Commerce and Economic Development
  3/1/2007SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
  3/1/2007SenateSenate Committee Amendment No. 1 Referred to Rules
  3/1/2007SenateSenate Committee Amendment No. 1 Rules Refers to Commerce and Economic Development
  3/2/2007SenateSenate Committee Amendment No. 1 Adopted
  3/2/2007SenateDo Pass as Amended Commerce and Economic Development; 008-000-000
  3/2/2007SenatePlaced on Calendar Order of 2nd Reading March 2, 2007
  3/2/2007SenateSecond Reading
  3/2/2007SenatePlaced on Calendar Order of 3rd Reading March 6, 2007
  3/15/2007SenateThird Reading - Passed; 056-000-000
  3/15/2007HouseArrived in House
  3/15/2007HousePlaced on Calendar Order of First Reading
  3/15/2007HouseChief House Sponsor Rep. William Davis
  3/15/2007HouseFirst Reading
  3/15/2007HouseReferred to Rules Committee
  4/30/2007HouseAssigned to Executive Committee
  5/14/2007HouseRe-assigned to State Government Administration Committee
  5/18/2007HouseCommittee Deadline Extended-Rule 9(b) May 25, 2007
  5/23/2007HouseDo Pass / Short Debate State Government Administration Committee; 011-000-000
  5/23/2007HousePlaced on Calendar 2nd Reading - Short Debate
  5/24/2007HouseSecond Reading - Short Debate
  5/24/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/25/2007HouseAdded Alternate Co-Sponsor Rep. Lisa M. Dugan
  5/28/2007HouseThird Reading - Short Debate - Passed 114-000-000
  5/28/2007SenatePassed Both Houses
  6/26/2007SenateSent to the Governor
  8/23/2007SenateGovernor Approved
  8/23/2007SenateEffective Date August 23, 2007
  8/23/2007SenatePublic Act . . . . . . . . . 95-0368

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