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<xml>
<title>Illinois General Assembly - Bill Status for HB 1367         </title>
<shortdesc>LLC LOW PROFIT PURPOSE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Kelly M. Cassidy and Ed Sullivan</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>805 ILCS 180/1-26</reference><aliasreference></aliasreference><SynopsisText>     Amends the Limited Liability Company Act. Provides that a low-profit limited liability company may be organized for religious, scientific, and literary purposes, for the purpose of fostering amateur sports competition, and for the purpose of preventing cruelty to children or animals.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Kelly M. Cassidy</action>
<statusdate>2/4/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/4/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/17/2015</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/12/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Ed Sullivan</action>
<statusdate>3/12/2015</statusdate><chamber>House</chamber><action>Remove Chief Co-Sponsor Rep. Ed Sullivan</action>
<statusdate>3/12/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Ed Sullivan</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

