WAIT-SCOTT. 815 ILCS 307/10-105 815 ILCS 307/10-115 Amends the Illinois Business Brokers Act of 1995. Makes the Act applicable when the person engaged or sought to be engaged as (now, by) the business broker is domiciled in Illinois. Provides that a business broker lien is enforceable only against tangible property located in this State. Requires that a notice of lien be filed with the Secretary of State, as to personal property, and with the recorder of the county in which the property is located, as to real property (now, all notices of lien must be filed with the Secretary of State). Makes other changes concerning business broker liens. STATE MANDATES NOTE (Dept. of Commerce and Community Affairs) Does not create a State mandate. FISCAL NOTE (Secretary of State) There would be no fiscal impact to the SoS. HOUSE AMENDMENT NO. 1. Provides that the Illinois Business Brokers Act of 1995 applies only when the person engaging or seeking to engage the business broker (rather than the person engaged or sought to be engaged as the business broker) is domiciled in this State. Provides that it is the purchaser's or seller's assets "of the business" against which a lien must be filed in provisions concerning a release or satisfaction of the lien. Provides that a prior recorded lien having priority over a broker's lien includes a prior recorded lien perfected under the Uniform Commercial Code. Makes other changes. 99-02-11 H FIRST READING 99-02-11 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-17 H ASSIGNED TO COMMITTEE JUD-CIVIL LAW 99-02-25 H DO PASS/SHORT DEBATE 011-000-000 HJUA 99-02-25 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-03-04 H FISCAL NOTE REQUESTED TURNER,JOHN 99-03-04 H STATE MANDATES FISCAL NOTE REQUESTED TURNER,JOHN 99-03-04 H CALENDAR ORDER 2ND READING-SHORT DEBATE 99-03-09 H STATE MANDATES FISCAL NOTE FILED 99-03-09 H CALENDAR ORDER 2ND READING-SHORT DEBATE 99-03-15 H FISCAL NOTE FILED 99-03-15 H CALENDAR ORDER 2ND READING-SHORT DEBATE 99-03-16 H AMENDMENT NO. 01-SCOTT 99-03-16 H AMENDMENT REFERRED TO HRUL 99-03-16 H SECOND READING-SHORT DEBATE 99-03-16 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 99-03-18 H AMENDMENT NO. 01-SCOTT 99-03-18 H RECOMMENDS BE ADOPTED HRUL/003-002-000 99-03-18 H AMENDMENT NO. 01-SCOTT 99-03-18 H ADOPTED 99-03-18 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-03-25 H PRIMARY SPONSOR CHANGED TO WAIT 99-03-25 H ADDED AS A JOINT SPONSOR SCOTT 99-03-26 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary