SB1466 - 104th General Assembly (2025-2026)

CORPORATION-INCORPORATION DATE
Last Action
08/01/2025 - Senate: Public Act . . . . . . . . . 104-0104
Statutes Amended In Order of Appearance
805 ILCS 5/7.40  from Ch. 32, par. 7.40
Synopsis As Introduced
Amends the Business Corporation Act of 1983. Provides that the articles of incorporation of any corporation (currently, any corporation incorporated after December 31, 1981) may limit or eliminate cumulative voting rights in all or specified circumstances, or may limit or deny voting rights or may provide special voting rights as to any class or classes or series of shares of such corporation.
Actions
DateChamberAction
01/31/2025SenateFiled with Secretary by Sen. Julie A. Morrison
01/31/2025SenateFirst Reading
01/31/2025SenateReferred to Assignments
02/05/2025SenateAdded as Co-Sponsor Sen. John F. Curran
02/07/2025SenateAdded as Chief Co-Sponsor Sen. Michael E. Hastings
02/11/2025SenateAssigned to Judiciary
03/19/2025SenateDo Pass Judiciary; 009-000-000
03/19/2025SenatePlaced on Calendar Order of 2nd Reading March 20, 2025
03/20/2025SenateSecond Reading
03/20/2025SenatePlaced on Calendar Order of 3rd Reading April 1, 2025
04/03/2025SenateThird Reading - Passed; 053-000-000
04/04/2025HouseArrived in House
04/04/2025HouseChief House Sponsor Rep. Bob Morgan
04/07/2025HouseFirst Reading
04/07/2025HouseReferred to Rules Committee
04/17/2025HouseAssigned to Judiciary - Civil Committee
04/23/2025HouseDo Pass / Short Debate Judiciary - Civil Committee; 016-000-000
04/23/2025HousePlaced on Calendar 2nd Reading - Short Debate
05/14/2025HouseSecond Reading - Short Debate
05/14/2025HousePlaced on Calendar Order of 3rd Reading - Short Debate
05/21/2025HouseThird Reading - Short Debate - Passed 109-000-000
05/21/2025SenatePassed Both Houses
06/18/2025SenateSent to the Governor
08/01/2025SenateGovernor Approved
08/01/2025SenateEffective Date January 1, 2026
08/01/2025SenatePublic Act . . . . . . . . . 104-0104