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SB1466 - 104th General Assembly
CORPORATION-INCORPORATION DATE
Last Action
Senate Sponsors
Sen. Julie A. Morrison - Michael E. Hastings and John F. CurranHouse Sponsors
(Rep. Bob Morgan)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
| Date | Chamber | Action |
|---|---|---|
| 1/31/2025 | Senate | Filed with Secretary by Sen. Julie A. Morrison |
| 1/31/2025 | Senate | First Reading |
| 1/31/2025 | Senate | Referred to Assignments |
| 2/05/2025 | Senate | Added as Co-Sponsor Sen. John F. Curran |
| 2/07/2025 | Senate | Added as Chief Co-Sponsor Sen. Michael E. Hastings |
| 2/11/2025 | Senate | Assigned to Judiciary |
| 3/19/2025 | Senate | Do Pass Judiciary; 009-000-000 |
| 3/19/2025 | Senate | Placed on Calendar Order of 2nd Reading March 20, 2025 |
| 3/20/2025 | Senate | Second Reading |
| 3/20/2025 | Senate | Placed on Calendar Order of 3rd Reading April 1, 2025 |
| 4/03/2025 | Senate | Third Reading - Passed; 053-000-000 |
| 4/04/2025 | House | Arrived in House |
| 4/04/2025 | House | Chief House Sponsor Rep. Bob Morgan |
| 4/07/2025 | House | First Reading |
| 4/07/2025 | House | Referred to Rules Committee |
| 4/17/2025 | House | Assigned to Judiciary - Civil Committee |
| 4/23/2025 | House | Do Pass / Short Debate Judiciary - Civil Committee; 016-000-000 |
| 4/23/2025 | House | Placed on Calendar 2nd Reading - Short Debate |
| 5/14/2025 | House | Second Reading - Short Debate |
| 5/14/2025 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 5/21/2025 | House | Third Reading - Short Debate - Passed 109-000-000 |
| 5/21/2025 | Senate | Passed Both Houses |
| 6/18/2025 | Senate | Sent to the Governor |
| 8/01/2025 | Senate | Governor Approved |
| 8/01/2025 | Senate | Effective Date January 1, 2026 |
| 8/01/2025 | Senate | Public Act . . . . . . . . . 104-0104 |