Bill Status of HB 5877   98th General Assembly

Short Description:  COOPERATIVE ASSOCIATION ACT

House Sponsors
Rep. Kenneth Dunkin

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
805 ILCS 310/Act rep.

Synopsis As Introduced
Creates the Cooperative Association Act. Provides that a cooperative association may be organized for any lawful purpose. Contains provisions regarding: powers; indemnification; insurance; names; articles of incorporation; meetings; bylaws; membership; voting; directors and officers; limitations on liability; contracts; records; reports; duties of the Secretary of State and recorders of deeds; dissolution; fees; assets; division of cooperatives; admission of foreign cooperatives; and other matters. Authorizes worker cooperatives. Provides that the Act does not apply to residential cooperatives. Repeals the Co-operative Act.

Actions 
DateChamber Action
  2/14/2014HouseFiled with the Clerk by Rep. Kenneth Dunkin
  2/14/2014HouseFirst Reading
  2/14/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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