SB1466 - 104th General Assembly (2025-2026)

CORPORATION-INCORPORATION DATE
Last Action
8/01/2025 - 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
1/31/2025SenateFiled with Secretary by Sen. Julie A. Morrison
1/31/2025SenateFirst Reading
1/31/2025SenateReferred to Assignments
2/05/2025SenateAdded as Co-Sponsor Sen. John F. Curran
2/07/2025SenateAdded as Chief Co-Sponsor Sen. Michael E. Hastings
2/11/2025SenateAssigned to Judiciary
3/19/2025SenateDo Pass Judiciary; 009-000-000
3/19/2025SenatePlaced on Calendar Order of 2nd Reading March 20, 2025
3/20/2025SenateSecond Reading
3/20/2025SenatePlaced on Calendar Order of 3rd Reading April 1, 2025
4/03/2025SenateThird Reading - Passed; 053-000-000
4/04/2025HouseArrived in House
4/04/2025HouseChief House Sponsor Rep. Bob Morgan
4/07/2025HouseFirst Reading
4/07/2025HouseReferred to Rules Committee
4/17/2025HouseAssigned to Judiciary - Civil Committee
4/23/2025HouseDo Pass / Short Debate Judiciary - Civil Committee; 016-000-000
4/23/2025HousePlaced on Calendar 2nd Reading - Short Debate
5/14/2025HouseSecond Reading - Short Debate
5/14/2025HousePlaced on Calendar Order of 3rd Reading - Short Debate
5/21/2025HouseThird Reading - Short Debate - Passed 109-000-000
5/21/2025SenatePassed Both Houses
6/18/2025SenateSent to the Governor
8/01/2025SenateGovernor Approved
8/01/2025SenateEffective Date January 1, 2026
8/01/2025SenatePublic Act . . . . . . . . . 104-0104