Bill Status of SB1466  104th General Assembly

Short Description:  CORPORATION-INCORPORATION DATE

Senate Sponsors
Sen. Julie A. Morrison - Michael E. Hastings and John F. Curran

House Sponsors
(Rep. Bob Morgan)

Hearings
Judiciary - Civil Committee Hearing Apr 23 2025 8:00AM Capitol Building 114 and Virtual Room 1 Springfield, IL


Last Action
DateChamber Action
  4/17/2025HouseAssigned to Judiciary - Civil Committee

Statutes Amended In Order of Appearance
805 ILCS 5/7.40from Ch. 32, par. 7.40


Synopsis As Introduced
Amends the Business Corporation Act of 1983. Provides that the articles of incorporation of any corporation (currently, any corporation incorporated after December 31, 1981) may limit or eliminate cumulative voting rights in all or specified circumstances, or may limit or deny voting rights or may provide special voting rights as to any class or classes or series of shares of such corporation.

Actions 
DateChamber Action
  1/31/2025SenateFiled with Secretary by Sen. Julie A. Morrison
  1/31/2025SenateFirst Reading
  1/31/2025SenateReferred to Assignments
  2/5/2025SenateAdded as Co-Sponsor Sen. John F. Curran
  2/7/2025SenateAdded as Chief Co-Sponsor Sen. Michael E. Hastings
  2/11/2025SenateAssigned to Judiciary
  3/19/2025SenateDo Pass Judiciary; 009-000-000
  3/19/2025SenatePlaced on Calendar Order of 2nd Reading March 20, 2025
  3/20/2025SenateSecond Reading
  3/20/2025SenatePlaced on Calendar Order of 3rd Reading April 1, 2025
  4/3/2025SenateThird Reading - Passed; 053-000-000
  4/4/2025HouseArrived in House
  4/4/2025HouseChief House Sponsor Rep. Bob Morgan
  4/7/2025HouseFirst Reading
  4/7/2025HouseReferred to Rules Committee
  4/17/2025HouseAssigned to Judiciary - Civil Committee