Illinois General Assembly - Bill Status for SB0683
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 Bill Status of SB0683  93rd General Assembly

Short Description:  BANK AS LIMITED LIABILITY CO

Senate Sponsors
Sen. Kimberly A. Lightford - Dan Rutherford

House Sponsors
(Rep. Ralph C. Capparelli)

Last Action
DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 5/8from Ch. 17, par. 315
805 ILCS 180/1-25


Synopsis As Introduced
Amends the Illinois Banking Act and the Limited Liability Company Act. Authorizes banks to organize as limited liability companies. Effective immediately.

Senate Floor Amendment No. 1
Deletes reference to:
205 ILCS 5/8
Adds reference to:
205 ILCS 5/5from Ch. 17, par. 311
205 ILCS 5/10from Ch. 17, par. 317
205 ILCS 5/13.6 new
205 ILCS 105/2-4from Ch. 17, par. 3302-4
205 ILCS 105/2-10 new
205 ILCS 105/6-1from Ch. 17, par. 3306-1
205 ILCS 205/3005from Ch. 17, par. 7303-5
205 ILCS 205/3008 new
205 ILCS 205/8001from Ch. 17, par. 7308-1
805 ILCS 180/5-5
805 ILCS 180/5-55
805 ILCS 180/37-5
805 ILCS 180/37-35

Replaces everything after the enacting clause. Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, and the Savings Bank Act. Provides that financial institutions organized under those Acts may organize as limited liability companies. Amends the Limited Liability Company Act to make complementary changes. Effective immediately.

Actions 
DateChamber Action
  2/19/2003SenateFiled with Secretary by Sen. Kimberly A. Lightford
  2/19/2003SenateFirst Reading
  2/19/2003SenateReferred to Rules
  2/26/2003SenateAssigned to Financial Institutions
  3/6/2003SenateAdded as Chief Co-Sponsor Sen. Dan Rutherford
  3/6/2003SenateDo Pass Financial Institutions; 009-000-000
  3/6/2003SenatePlaced on Calendar Order of 2nd Reading March 11, 2003
  3/25/2003SenateSecond Reading
  3/25/2003SenatePlaced on Calendar Order of 3rd Reading March 26, 2003
  4/2/2003SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Kimberly A. Lightford
  4/2/2003SenateSenate Floor Amendment No. 1 Referred to Rules
  4/2/2003SenateSenate Floor Amendment No. 1 Rules Refers to Financial Institutions
  4/2/2003SenateSenate Floor Amendment No. 1 Be Adopted Financial Institutions; 009-000-000
  4/2/2003SenateRecalled to Second Reading
  4/2/2003SenateSenate Floor Amendment No. 1 Adopted; Lightford
  4/2/2003SenatePlaced on Calendar Order of 3rd Reading April 3, 2003
  4/4/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
  4/8/2003SenateThird Reading - Passed; 057-000-000
  4/9/2003HouseArrived in House
  4/9/2003HouseChief House Sponsor Rep. Ralph C. Capparelli
  4/9/2003HouseFirst Reading
  4/9/2003HouseReferred to Rules Committee
  4/15/2003HouseAssigned to Executive Committee
  5/2/2003HouseCommittee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
  6/1/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005SenateSession Sine Die

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