Bill Status of HB 4865   96th General Assembly

Short Description:  CREDIT UNIONS-PROXY REVOCATION

House Sponsors
Rep. Thomas Holbrook-Bill Mitchell-Michael K. Smith-Eddie Lee Jackson, Sr.-Daniel V. Beiser

Senate Sponsors
(Sen. William R. Haine-Dan Rutherford)


Last Action  View All Actions

DateChamber Action
  7/2/2010HousePublic Act . . . . . . . . . 96-0963

Statutes Amended In Order of Appearance
205 ILCS 305/19from Ch. 17, par. 4420

Synopsis As Introduced
Amends the Illinois Credit Union Act. In provisions concerning the meeting of members, provides that a proxy may be revoked by a written statement to that effect, by execution of a subsequently-dated proxy, or by attendance at a meeting and voting in person. Effective immediately.

House Committee Amendment No. 1
Adds reference to:
205 ILCS 305/34from Ch. 17, par. 4435

Replaces everything after the enacting clause. In provisions concerning the meeting of members, provides that a member may revoke a proxy by delivery to the credit union of a written statement to that effect, by execution of a subsequently dated proxy, or by attendance at a meeting and voting in person. In provisions concerning an annual external independent audit, provides that a copy of an external independent audit shall be completed and mailed to the Director of the Illinois Department of Financial Institutions no later than 90 days after December 31 of each year; provided that a credit union or group of credit unions may obtain an extension of the due date, upon application to and receipt of written approval from the Director (rather than mailing the audit to the Director upon completion). Effective immediately.

Actions 
DateChamber Action
  1/13/2010HouseFiled with the Clerk by Rep. Thomas Holbrook
  1/15/2010HouseFirst Reading
  1/15/2010HouseReferred to Rules Committee
  1/29/2010HouseAdded Chief Co-Sponsor Rep. Daniel V. Beiser
  2/9/2010HouseAssigned to Financial Institutions Committee
  2/16/2010HouseHouse Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
  2/16/2010HouseHouse Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
  2/16/2010HouseDo Pass as Amended / Short Debate Financial Institutions Committee; 020-000-000
  2/16/2010HousePlaced on Calendar 2nd Reading - Short Debate
  2/17/2010HouseAdded Chief Co-Sponsor Rep. Bill Mitchell
  2/17/2010HouseAdded Chief Co-Sponsor Rep. Michael K. Smith
  2/17/2010HouseAdded Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr.
  2/17/2010HouseChief Co-Sponsor Changed to Rep. Bill Mitchell
  2/17/2010HouseChief Co-Sponsor Changed to Rep. Michael K. Smith
  2/17/2010HouseChief Co-Sponsor Changed to Rep. Eddie Lee Jackson, Sr.
  2/23/2010HouseSecond Reading - Short Debate
  2/23/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  2/25/2010HouseThird Reading - Short Debate - Passed 110-000-000
  3/2/2010SenateArrive in Senate
  3/2/2010SenatePlaced on Calendar Order of First Reading
  3/2/2010SenateChief Senate Sponsor Sen. William R. Haine
  3/2/2010SenateFirst Reading
  3/2/2010SenateReferred to Assignments
  3/17/2010SenateAssigned to Financial Institutions
  4/15/2010SenateDo Pass Financial Institutions; 008-000-000
  4/15/2010SenatePlaced on Calendar Order of 2nd Reading April 20, 2010
  4/15/2010SenateAdded as Alternate Chief Co-Sponsor Sen. Dan Rutherford
  4/23/2010SenateSecond Reading
  4/23/2010SenatePlaced on Calendar Order of 3rd Reading April 27, 2010
  4/27/2010SenateThird Reading - Passed; 055-000-000
  4/27/2010HousePassed Both Houses
  5/26/2010HouseSent to the Governor
  7/2/2010HouseGovernor Approved
  7/2/2010HouseEffective Date July 2, 2010
  7/2/2010HousePublic Act . . . . . . . . . 96-0963

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