Bill Status of HB2949  102nd General Assembly

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Short Description:  BUS CORP-SHAREHOLDERS MEETINGS

House Sponsors
Rep. Bob Morgan

Last Action

Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

805 ILCS 5/7.05

from Ch. 32, par. 7.05

805 ILCS 5/7.15

from Ch. 32, par. 7.15

805 ILCS 5/7.30

from Ch. 32, par. 7.30

Synopsis As Introduced
Amends the Business Corporation Act of 1983. Provides that if the board of directors is authorized to determine the place of a meeting of shareholders, the board of directors may determine that the meeting shall not be held at any place, but may instead be held solely by means of remote communication. Provides that a corporation may allow shareholders to participate in and act at any meeting of the shareholders through the use of remote connection; however, the corporation shall implement reasonable measures to provide the shareholders a reasonable opportunity to participate in the meeting and to vote on matters submitted to the shareholders. Provides that the corporation may implement reasonable measures to verify that each person deemed present and entitled to vote at the meeting by means of remote communication is a shareholder. Makes corresponding changes. Effective immediately.

Actions 

Date	Chamber	Action
2/18/2021	House	Filed with the Clerk by Rep. Bob Morgan
2/19/2021	House	First Reading
2/19/2021	House	Referred to Rules Committee
3/9/2021	House	Assigned to Judiciary - Civil Committee
3/27/2021	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2023	House	Session Sine Die