Illinois General Assembly - Bill Status for SB3131
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 Bill Status of SB3131  96th General Assembly


Short Description:  BUSINESS OPP SALES-DISCLOSURES

Senate Sponsors
Sen. Don Harmon

Last Action
DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
815 ILCS 602/5-35


Synopsis As Introduced
Amends the Business Opportunity Sales Law of 1995. Provides that a required disclosure document must state that a purchaser is to be provided 14 (instead of 10) business days to review the document before signing a contract or agreement or making any payment. Effective immediately.

Senate Committee Amendment No. 1
Provides that a required disclosure document must state that a purchaser is to be provided 14 days (instead of 14 business days) to review the document before signing a contract or agreement or making any payment.

Actions 
DateChamber Action
  2/8/2010SenateFiled with Secretary by Sen. Don Harmon
  2/8/2010SenateFirst Reading
  2/8/2010SenateReferred to Assignments
  2/16/2010SenateAssigned to Judiciary
  2/23/2010SenatePostponed - Judiciary
  2/24/2010SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
  2/24/2010SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/2/2010SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
  3/2/2010SenateSenate Committee Amendment No. 1 Adopted
  3/3/2010SenateDo Pass as Amended Judiciary; 009-000-000
  3/3/2010SenatePlaced on Calendar Order of 2nd Reading March 4, 2010
  3/11/2010SenateSecond Reading
  3/11/2010SenatePlaced on Calendar Order of 3rd Reading March 12, 2010
  6/27/2010SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/12/2011SenateSession Sine Die

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