Bill Status of SB 3438   98th General Assembly

Short Description:  CO-OPERATIVE ACT SHARE LIMIT

Senate Sponsors
Sen. Don Harmon and Michael W. Frerichs-David Koehler

House Sponsors
(Rep. Barbara Wheeler-Naomi D. Jakobsson-Michael W. Tryon-Kelly M. Cassidy-Ron Sandack)


Last Action  View All Actions

DateChamber Action
  8/26/2014SenatePublic Act . . . . . . . . . 98-1122

Statutes Amended In Order of Appearance
805 ILCS 310/2from Ch. 32, par. 306

Synopsis As Introduced
Amends the Co-operative Act. Increases from 5 to 10 the number of shares for which a person may subscribe or control. Increases from $100 to $1,000 the maximum subscription price per share. Increase from $500 to $10,000 the maximum value of stock issued to any one shareholder. Effective immediately.

House Committee Amendment No. 1
Adds reference to:
805 ILCS 310/9from Ch. 32, par. 313

Amends the Co-operative Act. Makes changes in ownership limits to conform with subscription limit increase.

Actions 
DateChamber Action
  2/14/2014SenateFiled with Secretary by Sen. Don Harmon
  2/14/2014SenateFirst Reading
  2/14/2014SenateReferred to Assignments
  3/5/2014SenateAssigned to Judiciary
  3/20/2014SenateDo Pass Judiciary; 009-000-000
  3/20/2014SenatePlaced on Calendar Order of 2nd Reading March 21, 2014
  3/26/2014SenateAdded as Co-Sponsor Sen. Michael W. Frerichs
  3/27/2014SenateSecond Reading
  3/27/2014SenatePlaced on Calendar Order of 3rd Reading April 1, 2014
  4/1/2014SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon
  4/1/2014SenateSenate Floor Amendment No. 1 Referred to Assignments
  4/2/2014SenateAdded as Chief Co-Sponsor Sen. David Koehler
  4/2/2014SenateThird Reading - Passed; 055-000-000
  4/2/2014SenateSenate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
  4/3/2014HouseArrived in House
  4/3/2014HouseChief House Sponsor Rep. Barbara Wheeler
  4/3/2014HouseFirst Reading
  4/3/2014HouseReferred to Rules Committee
  4/8/2014HouseAdded Alternate Chief Co-Sponsor Rep. Naomi D. Jakobsson
  4/23/2014HouseAssigned to Judiciary
  4/29/2014HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Barbara Wheeler
  4/29/2014HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  5/5/2014HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary
  5/6/2014HouseAdded Alternate Chief Co-Sponsor Rep. Michael W. Tryon
  5/7/2014HouseHouse Committee Amendment No. 1 Adopted in Judiciary; by Voice Vote
  5/7/2014HouseDo Pass as Amended / Short Debate Judiciary; 015-000-000
  5/7/2014HousePlaced on Calendar 2nd Reading - Short Debate
  5/13/2014HouseSecond Reading - Short Debate
  5/13/2014HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/22/2014HouseAdded Alternate Chief Co-Sponsor Rep. Kelly M. Cassidy
  5/22/2014HouseAdded Alternate Chief Co-Sponsor Rep. Ron Sandack
  5/23/2014HouseThird Reading - Short Debate - Passed 112-000-000
  5/23/2014SenateSecretary's Desk - Concurrence House Amendment(s) 1
  5/23/2014SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 26, 2014
  5/27/2014SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon
  5/27/2014SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
  5/27/2014SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Judiciary
  5/28/2014SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary; 010-000-000
  5/30/2014SenateHouse Committee Amendment No. 1 Senate Concurs 057-000-000
  5/30/2014SenatePassed Both Houses
  6/27/2014SenateSent to the Governor
  8/26/2014SenateGovernor Approved
  8/26/2014SenateEffective Date August 26, 2014
  8/26/2014SenatePublic Act . . . . . . . . . 98-1122

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