Bill Status of SB0468  94th General Assembly


Short Description:  BUSINESS ORGANIZATIONS-VARIOUS

Senate Sponsors
Sen. William R. Haine

House Sponsors
(Rep. Thomas Holbrook)

Last Action
DateChamber Action
  8/16/2005SenatePublic Act . . . . . . . . . 94-0605

Statutes Amended In Order of Appearance
75 ILCS 60/3from Ch. 81, par. 34
75 ILCS 60/3.1from Ch. 81, par. 34.1
75 ILCS 60/4from Ch. 81, par. 35
805 ILCS 5/1.80from Ch. 32, par. 1.80
805 ILCS 5/2A.05from Ch. 32, par. 2A.05
805 ILCS 5/4.05from Ch. 32, par. 4.05
805 ILCS 5/4.10from Ch. 32, par. 4.10
805 ILCS 5/4.20from Ch. 32, par. 4.20
805 ILCS 5/7.85from Ch. 32, par. 7.85
805 ILCS 5/9.05from Ch. 32, par. 9.05
805 ILCS 5/9.20
805 ILCS 5/11.37from Ch. 32, par. 11.37
805 ILCS 5/11.75from Ch. 32, par. 11.75
805 ILCS 5/12.40from Ch. 32, par. 12.40
805 ILCS 5/12.45from Ch. 32, par. 12.45
805 ILCS 5/12.50from Ch. 32, par. 12.50
805 ILCS 5/13.55from Ch. 32, par. 13.55
805 ILCS 5/13.60from Ch. 32, par. 13.60
805 ILCS 5/13.75
805 ILCS 5/14.01from Ch. 32, par. 14.01
805 ILCS 5/15.10from Ch. 32, par. 15.10
805 ILCS 5/15.45from Ch. 32, par. 15.45
805 ILCS 5/15.80from Ch. 32, par. 15.80
805 ILCS 5/15.90from Ch. 32, par. 15.90
805 ILCS 10/5from Ch. 32, par. 415-5
805 ILCS 105/101.45from Ch. 32, par. 101.45
805 ILCS 105/101.70from Ch. 32, par. 101.70
805 ILCS 105/103.30
805 ILCS 105/104.05from Ch. 32, par. 104.05
805 ILCS 105/104.10from Ch. 32, par. 104.10
805 ILCS 105/104.20from Ch. 32, par. 104.20
805 ILCS 105/105.05from Ch. 32, par. 105.05
805 ILCS 105/105.10from Ch. 32, par. 105.10
805 ILCS 105/108.05from Ch. 32, par. 108.05
805 ILCS 105/111.37from Ch. 32, par. 111.37
805 ILCS 105/112.45from Ch. 32, par. 112.45
805 ILCS 105/112.50from Ch. 32, par. 112.50
805 ILCS 105/113.20from Ch. 32, par. 113.20
805 ILCS 105/113.55from Ch. 32, par. 113.55
805 ILCS 105/113.60from Ch. 32, par. 113.60
805 ILCS 105/113.70from Ch. 32, par. 113.70
805 ILCS 105/114.05from Ch. 32, par. 114.05
805 ILCS 105/115.10from Ch. 32, par. 115.10
805 ILCS 180/1-35
805 ILCS 180/1-36 new
805 ILCS 180/1-37 new
805 ILCS 180/5-10
805 ILCS 180/5-25
805 ILCS 180/5-40
805 ILCS 180/5-47
805 ILCS 180/5-48
805 ILCS 180/35-40
805 ILCS 180/35-45
805 ILCS 180/45-25
805 ILCS 180/45-65
805 ILCS 180/50-10
805 ILCS 180/50-15
805 ILCS 206/108
805 ILCS 206/110 new
805 ILCS 206/1104
805 ILCS 210/801from Ch. 106 1/2, par. 158-1
805 ILCS 210/806 new
805 ILCS 210/807 new
805 ILCS 210/912 new
805 ILCS 210/913 new
805 ILCS 210/1108from Ch. 106 1/2, par. 161-8
805 ILCS 210/1110from Ch. 106 1/2, par. 161-10
805 ILCS 310/4from Ch. 32, par. 308
805 ILCS 310/5from Ch. 32, par. 309
805 ILCS 310/16from Ch. 32, par. 320
805 ILCS 310/22from Ch. 32, par. 326
805 ILCS 320/2from Ch. 21, par. 36
805 ILCS 320/3from Ch. 21, par. 37
805 ILCS 320/4from Ch. 21, par. 38


Synopsis As Introduced
Amends the Library Incorporation Act, Business Corporation Act, Professional Service Corporation Act, General Not for Profit Corporation Act, Co-operative Act, and the Cemetery Association Act. Replaces the terms "certificates of incorporation" and "application for certificate of authority" with the terms "articles of incorporation" and "application for authority". Makes other changes. Amends the Limited Liability Company Act. Provides that a domestic limited liability company or foreign limited liability company shall have the power to change the address of its registered office. Amends the Uniform Partnership Act (1997). Provides that a partnership or registered limited liability partnership shall have the power to correct errors appearing on documents filed with the Secretary of State provided certain requirements are met. Amends the Revised Uniform Limited Partnership Act. Establishes a procedure for the administrative dissolution of a limited partnership and a procedure for reinstatement following the administrative dissolution of a limited partnership. Establishes a procedure for the administrative cancellation of a foreign limited partnership's application for admission and a procedure for reinstatement following the administrative cancellation of a foreign limited partnership's application for admission. Makes other technical changes.

House Committee Amendment No. 1
Deletes reference to:
75 ILCS 60/3from Ch. 81, par. 34
75 ILCS 60/3.1from Ch. 81, par. 34.1
75 ILCS 60/4from Ch. 81, par. 35
805 ILCS 5/1.80from Ch. 32, par. 1.80
805 ILCS 5/2A.05from Ch. 32, par. 2A.05
805 ILCS 5/4.05from Ch. 32, par. 4.05
805 ILCS 5/4.10from Ch. 32, par. 4.10
805 ILCS 5/4.20from Ch. 32, par. 4.20
805 ILCS 5/7.85from Ch. 32, par. 7.85
805 ILCS 5/11.37from Ch. 32, par. 11.37
805 ILCS 5/11.75from Ch. 32, par. 11.75
805 ILCS 5/12.40from Ch. 32, par. 12.40
805 ILCS 5/12.50from Ch. 32, par. 12.50
805 ILCS 5/13.55from Ch. 32, par. 13.55
805 ILCS 5/13.75
805 ILCS 5/14.01from Ch. 32, par. 14.01
805 ILCS 5/15.10from Ch. 32, par. 15.10
805 ILCS 5/15.45from Ch. 32, par. 15.45
805 ILCS 5/15.80from Ch. 32, par. 15.80
805 ILCS 5/15.90from Ch. 32, par. 15.90
805 ILCS 10/5from Ch. 32, par. 415-5
805 ILCS 105/101.45from Ch. 32, par. 101.45
805 ILCS 105/101.70from Ch. 32, par. 101.70
805 ILCS 105/103.30
805 ILCS 105/104.05from Ch. 32, par. 104.05
805 ILCS 105/104.10from Ch. 32, par. 104.10
805 ILCS 105/104.20from Ch. 32, par. 104.20
805 ILCS 105/108.05from Ch. 32, par. 108.05
805 ILCS 105/111.37from Ch. 32, par. 111.37
805 ILCS 105/112.50from Ch. 32, par. 112.50
805 ILCS 105/113.20from Ch. 32, par. 113.20
805 ILCS 105/113.55from Ch. 32, par. 113.55
805 ILCS 105/113.70from Ch. 32, par. 113.70
805 ILCS 180/5-10
805 ILCS 180/5-25
805 ILCS 180/5-40
805 ILCS 180/5-47
805 ILCS 180/5-48
805 ILCS 180/35-45
805 ILCS 180/45-25
805 ILCS 206/108
805 ILCS 206/110 new
805 ILCS 206/1104
805 ILCS 210/801from Ch. 106 1/2, par. 158-1
805 ILCS 210/806 new
805 ILCS 210/807 new
805 ILCS 210/912 new
805 ILCS 210/913 new
805 ILCS 210/1108from Ch. 106 1/2, par. 161-8
805 ILCS 210/1110from Ch. 106 1/2, par. 161-10
805 ILCS 310/4from Ch. 32, par. 308
805 ILCS 310/5from Ch. 32, par. 309
805 ILCS 310/16from Ch. 32, par. 320
805 ILCS 310/22from Ch. 32, par. 326
805 ILCS 320/2from Ch. 21, par. 36
805 ILCS 320/3from Ch. 21, par. 37
805 ILCS 320/4from Ch. 21, par. 38
Adds reference to:
805 ILCS 5/9.05from Ch. 32, par. 9.05
805 ILCS 5/9.20
805 ILCS 5/12.45from Ch. 32, par. 12.45
805 ILCS 5/13.60from Ch. 32, par. 13.60
805 ILCS 105/105.10from Ch. 32, par. 105.10
805 ILCS 105/112.45from Ch. 32, par. 112.45
805 ILCS 105/113.60from Ch. 32, par. 113.60
805 ILCS 105/114.05from Ch. 32, par. 114.05
805 ILCS 105/115.10from Ch. 32, par. 115.10
805 ILCS 180/1-35
805 ILCS 180/1-36 new
805 ILCS 180/1-37 new
805 ILCS 180/35-40
805 ILCS 180/45-65
805 ILCS 180/50-10
805 ILCS 180/50-15

Deletes everything after the enacting clause. Amends the Business Corporation Act of 1983. Provides that the basis for reducing the number of a corporation's authorized shares resulting from a reacquisition and cancellation of the shares must be set forth in the articles of incorporation. Removes language providing that a reduction in paid-in capital reported shall have no effect for any purpose under the Act with respect to a taxable year ending before the report is filed. Removes the five-year limitation on the reinstatement of domestic corporations after administrative dissolution. Removes the five-year limitation on the reinstatement of a foreign corporation after revocation. Amends the General Not For Profit Corporation Act of 1986. Removes language providing that a domestic corporation or a foreign corporation may change the address of its registered office or change its registered agent, or both, by so indicating on the statement of change on the annual report of that corporation filed pursuant to the Act. Amends the Limited Liability Company Act. Provides that a domestic limited liability company or a foreign limited liability company may change the address of its registered office, registered agent, or both, if certain conditions are satisfied. Establishes the fee for: (i) renewal of a reserved name; and (ii) filing a statement of change of address of registered office or change or registered agent, or both. Enhances the penalty for continued non-compliance to include $100 for each year or fraction thereof beginning with the second year of delinquency until reinstatement is effected. Makes other technical changes.

 Fiscal Note (H-AM 1) (Secretary of State)
 No fiscal impact expected.

Actions 
DateChamber Action
  2/16/2005SenateFiled with Secretary by Sen. William R. Haine
  2/16/2005SenateFirst Reading
  2/16/2005SenateReferred to Rules
  2/17/2005SenateAssigned to Judiciary
  2/24/2005SenateHeld in Judiciary
  3/2/2005SenateDo Pass Judiciary; 010-000-000
  3/2/2005SenatePlaced on Calendar Order of 2nd Reading March 3, 2005
  3/8/2005SenateSecond Reading
  3/8/2005SenatePlaced on Calendar Order of 3rd Reading March 9, 2005
  4/7/2005SenateThird Reading - Passed; 056-000-000
  4/7/2005HouseArrived in House
  4/7/2005HousePlaced on Calendar Order of First Reading
  4/7/2005HouseChief House Sponsor Rep. Thomas Holbrook
  4/7/2005HouseFirst Reading
  4/7/2005HouseReferred to Rules Committee
  4/20/2005HouseAssigned to Executive Committee
  5/13/2005HouseRule 19(a) / Re-referred to Rules Committee
  5/16/2005HouseCommittee/Final Action Deadline Extended-9(b) May 31, 2005
  5/16/2005HouseAssigned to State Government Administration Committee
  5/17/2005HouseMotion to Suspend Rule 25 - Prevailed
  5/18/2005HouseHouse Committee Amendment No. 1 Filed with Clerk by State Government Administration Committee
  5/18/2005HouseHouse Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote
  5/18/2005HouseDo Pass as Amended / Short Debate State Government Administration Committee; 005-003-000
  5/18/2005HouseFiscal Note Filed As Amended by HA 1
  5/19/2005HousePlaced on Calendar 2nd Reading - Short Debate
  5/19/2005HouseSecond Reading - Short Debate
  5/19/2005HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/20/2005HouseThird Reading - Short Debate - Passed 070-042-000
  5/20/2005SenateSecretary's Desk - Concurrence House Amendment(s) 01
  5/20/2005SenatePlaced on Calendar Order of Concurrence House Amendment(s) 01-May 23, 2005.
  5/20/2005SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. William R. Haine
  5/20/2005SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Rules
  5/23/2005SenateHouse Committee Amendment No. 1 Motion to Concur Rules Referred to Judiciary
  5/24/2005SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary; 009-000-000
  5/25/2005SenateHouse Committee Amendment No. 1 Senate Concurs 055-002-000
  5/25/2005SenatePassed Both Houses
  6/23/2005SenateSent to the Governor
  8/16/2005SenateGovernor Approved
  8/16/2005SenateEffective Date January 1, 2006
  8/16/2005SenatePublic Act . . . . . . . . . 94-0605