Date	Chamber	Action
1/13/2015	Senate	Session Sine Die

Statutes Amended In Order of Appearance

805 ILCS 5/12.30

from Ch. 32, par. 12.30

805 ILCS 5/12.80

from Ch. 32, par. 12.80

Synopsis As Introduced
Amends the Business Corporation Act of 1983. Provides that upon a corporate dissolution any policy of liability insurance covering acts and omissions of the dissolved corporation committed during the corporation's existence shall be held in trust for the benefit of any injured party. Provides that any policy shall be held in trust for as long as there is unexhausted coverage applicable to acts or omissions of the corporation. Modifies the time within which an action may be brought when unexhausted liability coverage is in effect. Effective immediately.

Senate Committee Amendment No. 1

	Deletes reference to:
	805 ILCS 5/12.30

805 ILCS 5/12.80

	Adds reference to:
	805 ILCS 5/15.35	from Ch. 32, par. 15.35

Replaces everything after the enacting clause. Amends the Business Corporation Act of 1983. Makes a technical change in a Section concerning franchise taxes payable by domestic corporations.

Actions 

Date	Chamber	Action
2/14/2014	Senate	Filed with Secretary by Sen. William R. Haine
2/14/2014	Senate	First Reading
2/14/2014	Senate	Referred to Assignments
2/25/2014	Senate	Assigned to Insurance
3/21/2014	Senate	Postponed - Insurance
3/21/2014	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
3/21/2014	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/25/2014	Senate	Senate Committee Amendment No. 1 Assignments Refers to Insurance
3/26/2014	Senate	Senate Committee Amendment No. 1 Adopted
3/27/2014	Senate	Do Pass as Amended Insurance; 008-004-000
3/27/2014	Senate	Placed on Calendar Order of 2nd Reading April 1, 2014
4/7/2014	Senate	Second Reading
4/7/2014	Senate	Placed on Calendar Order of 3rd Reading April 8, 2014
4/8/2014	Senate	Third Reading - Passed; 041-012-000
4/9/2014	House	Arrived in House
4/9/2014	House	Chief House Sponsor Rep. Arthur Turner
4/9/2014	House	First Reading
4/9/2014	House	Referred to Rules Committee
1/13/2015	Senate	Session Sine Die

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