92nd General Assembly Summary of SB1540    [ Home ]   [ Back ]   [ Legislation ]

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Senate Sponsors:
JONES,W, JONES,E AND SMITH.

House Sponsors:
MATHIAS

Short description: 
CORPORATIONS-OPEN MEETINGS                                                 

Synopsis of Bill as introduced:
        Amends the Business Corporation Act of 1983 and the  General  Not      
   For  Profit  Corporation  Act  of  1986.   Provides  that,  subject to      
   specified exceptions, the meetings of the  board  of  directors  of  a      
   residential   cooperative   corporation   or  residential  cooperative      
   not-for-profit  corporation  containing  24  or  more  units  situated      
   anywhere in the State of Illinois (rather than  only  corporations  in      
   specified locations with a specified number of units) shall be open to      
   any  residential  shareholder  of the corporation or any member of the      
   not-for-profit corporation.                                                 
 
Last action on Bill: PUBLIC ACT.............................. 92-0638

   Last action date: JUL-11-2002

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 


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