Bill Status of SB3243 100th General Assembly
Short Description: INS CD-DOMESTIC STOCK COMPANY
Sen. John G. Mulroe
| 1/9/2019||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
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.
|Date||Chamber|| Action|| 2/16/2018||Senate||Filed with Secretary by Sen. John G. Mulroe|| 2/16/2018||Senate||First Reading|| 2/16/2018||Senate||Referred to Assignments|| 2/27/2018||Senate||Assigned to Insurance|| 4/13/2018||Senate||Rule 2-10 Committee Deadline Established As April 27, 2018|| 4/27/2018||Senate||Rule 3-9(a) / Re-referred to Assignments|| 1/9/2019||Senate||Session Sine Die|