Bill Status of HB 4449   99th General Assembly

Short Description:  CORPORATIONS-DISSOLUTION

House Sponsors
Rep. Emanuel Chris Welch-John C. D'Amico and Al Riley

Senate Sponsors
(Sen. Michael E. Hastings)


Last Action  View All Actions

DateChamber Action
  7/22/2016HousePublic Act . . . . . . . . . 99-0608

Statutes Amended In Order of Appearance
805 ILCS 5/1.10from Ch. 32, par. 1.10
805 ILCS 105/101.10from Ch. 32, par. 101.10
805 ILCS 105/112.35from Ch. 32, par. 112.35
805 ILCS 105/112.40from Ch. 32, par. 112.40
805 ILCS 180/35-25
805 ILCS 180/37-40

Synopsis As Introduced
Amends the Business Corporation Act of 1983 and the General Not For Profit Corporation Act of 1986. Requires the president, vice-president, secretary, assistant secretary, treasurer, or other officer duly authorized by a corporation's board of directors to execute and verify (rather than execute) certain documents required to be filed in the office of the Secretary of State. In regard to corporations organized under the General Not For Profit Corporation Act of 1986, provides that the Secretary of State may dissolve any corporation administratively if it has failed to elect and maintain at least 3 directors. Provides that failure to receive a notice of administrative dissolution shall not relieve a corporation of its obligation to pay the filing fee and any penalties due or invalidate the validity thereof. Amends the Limited Liability Company Act. Provides that the Secretary of State may dissolve any limited liability company administratively if it has failed to appoint and maintain a registered agent in Illinois (rather than if it has failed to appoint and maintain a registered agent in Illinois within 60 days after a registered agent's notice of resignation). Provides that the name of a series with limited liability must commence with the entire name of the limited liability company, as set forth in its articles of organization (rather than articles of incorporation) and be distinguishable from the names of the other series set forth in the articles of organization. Effective July 1, 2016.

Actions 
DateChamber Action
  1/15/2016HouseFiled with the Clerk by Rep. Emanuel Chris Welch
  1/15/2016HouseFirst Reading
  1/15/2016HouseReferred to Rules Committee
  3/18/2016HouseAdded Co-Sponsor Rep. Al Riley
  3/23/2016HouseAssigned to Judiciary - Civil Committee
  4/5/2016HouseDo Pass / Short Debate Judiciary - Civil Committee; 009-001-000
  4/5/2016HousePlaced on Calendar 2nd Reading - Short Debate
  4/7/2016HouseAdded Chief Co-Sponsor Rep. John C. D'Amico
  4/7/2016HouseSecond Reading - Short Debate
  4/7/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/12/2016HouseThird Reading - Short Debate - Passed 113-000-000
  4/13/2016SenateArrive in Senate
  4/13/2016SenatePlaced on Calendar Order of First Reading April 14, 2016
  4/14/2016SenateChief Senate Sponsor Sen. Michael E. Hastings
  4/18/2016SenateFirst Reading
  4/18/2016SenateReferred to Assignments
  4/27/2016SenateAssigned to Judiciary
  5/4/2016SenateDo Pass Judiciary; 010-000-000
  5/4/2016SenatePlaced on Calendar Order of 2nd Reading May 5, 2016
  5/10/2016SenateSecond Reading
  5/10/2016SenatePlaced on Calendar Order of 3rd Reading May 11, 2016
  5/19/2016SenateThird Reading - Passed; 058-000-000
  5/19/2016HousePassed Both Houses
  6/17/2016HouseSent to the Governor
  7/22/2016HouseGovernor Approved
  7/22/2016HouseEffective Date July 22, 2016
  7/22/2016HousePublic Act . . . . . . . . . 99-0608

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