90th General Assembly
Status of HB1588
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   205 ILCS 5/14             from Ch. 17, par. 321                             
   205 ILCS 5/17             from Ch. 17, par. 324                             

        Amends the Illinois Banking Act.  Authorizes banks to  engage  in      
   reverse  stock  splits.   Provides  that  banks  may  issue fractional      
   shares.   Allows  the  elimination  of  fractional  shares.   Requires      
   payment of fair value for the fractional shares eliminated.  Effective      
          FISCAL NOTE (Office of Banks & Real Estate)                          
          This bill would have no fiscal impact on this Dept.                  
   97-03-06  H  FIRST READING                                                  
   97-03-06  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-03-11  H       ASSIGNED TO COMMITTEE               FIN INSTIT            
   97-03-19  H  DO PASS/SHORT DEBATE                     029-000-000   HFIN    
   97-03-19  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   97-03-20  H  SECOND READING-SHORT DEBATE                                    
   97-03-20  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   97-03-21  H                         FISCAL NOTE FILED                       
   97-03-21  H  CALENDAR ORDER 3RD READING-SHORT DEBATE                        
   97-04-08  H  ADDED AS A JOINT SPONSOR                 RYDER                 
   97-04-08  H  ADDED AS A CO-SPONSOR                    BRADY                 
   97-04-08  H  ADDED AS A CO-SPONSOR                    MCAULIFFE             
   97-04-08  H  ADDED AS A CO-SPONSOR                    TENHOUSE              
   97-04-14  H  THIRD READING/SHORT DEBATE/PASSED        117-000-001           
   97-04-15  S  ARRIVE IN SENATE                                               
   97-04-15  S  PLACED CALENDAR ORDER OF FIRST READING                         
   97-04-15  S  CHIEF SPONSOR                            KLEMM                 
   97-04-16  S  FIRST READING                                                  
   97-04-16  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   97-04-22  S  ADDED AS A CHIEF CO-SPONSOR              WALSH,T               
   97-04-23  S       ASSIGNED TO COMMITTEE               FIN INST              
   97-05-01  S       DO PASS                             008-000-000   SFIC    
   97-05-01  S  PLACED ON CALENDAR ORDER OF 2ND READING  97-05-06              
   97-05-07  S  SECOND READING                                                 
   97-05-07  S  PLACED ON CALENDAR ORDER OF 3RD READING  97-05-08              
   97-05-09  S  THIRD READING - PASSED                   053-000-002           
   97-05-09  H  PASSED BOTH HOUSES                                             
   97-06-06  H  SENT TO THE GOVERNOR                                           
   97-07-23  H  GOVERNOR APPROVED                                              
   97-07-23  H                            EFFECTIVE DATE 97-07-23              
   97-07-23  H  PUBLIC ACT.............................. 90-0160               


 Full Text  Bill Summary