IL SB2897 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
August 2 2012 - Public Act . . . . . . . . . 97-0885
Text: Latest bill text (Chaptered) [HTML]
August 2 2012 - Public Act . . . . . . . . . 97-0885
Text: Latest bill text (Chaptered) [HTML]
Summary
Creates the Benefit Corporation Act. Provides that a corporation may elect to become a benefit corporation by amending its articles of incorporation. Provides that in addition to its purposes under the Business Corporation Act of 1983 and any specific purpose set forth in its articles of incorporation, a benefit corporation shall have a purpose of creating general public benefit. Requires the preparation of an annual report for specified distribution and filing with the Secretary of State. Defines key terms and contains provisions concerning accountability and transparency.
Title
BENEFIT CORPORATION ACT
Sponsors
Roll Calls
2012-05-10 - Third Reading in House (Y: 66 N: 47 NV: 0 Abs: 1) [PASS]
2012-03-28 - Third Reading in Senate (Y: 30 N: 21 NV: 8 Abs: 0) [PASS]
2012-03-28 - Third Reading in Senate (Y: 30 N: 21 NV: 8 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-08-02 | Senate | Public Act . . . . . . . . . 97-0885 |
| 2012-08-02 | Senate | Effective Date January 1, 2013 |
| 2012-08-02 | Senate | Governor Approved |
| 2012-06-08 | Senate | Sent to the Governor |
| 2012-05-10 | Senate | Passed Both Houses |
| 2012-05-10 | House | Added Alternate Co-Sponsor Rep. Kimberly du Buclet |
| 2012-05-10 | House | Added Alternate Co-Sponsor Rep. Robyn Gabel |
| 2012-05-10 | House | Third Reading - Short Debate - Passed 066-047-000 |
| 2012-05-10 | House | Added Alternate Co-Sponsor Rep. Mike Fortner |
| 2012-05-10 | House | Added Alternate Chief Co-Sponsor Rep. Karen May |
| 2012-05-09 | House | Added Alternate Co-Sponsor Rep. Greg Harris |
| 2012-05-02 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2012-05-02 | House | Second Reading - Short Debate |
| 2012-04-30 | House | Added Alternate Co-Sponsor Rep. Jason Barickman |
| 2012-04-25 | House | Added Alternate Chief Co-Sponsor Rep. Sidney H. Mathias |
| 2012-04-25 | House | Added Alternate Co-Sponsor Rep. Michael J. Zalewski |
| 2012-04-25 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2012-04-25 | House | Do Pass / Short Debate Judiciary I - Civil Law Committee; 009-002-000 |
| 2012-04-19 | House | Added Alternate Co-Sponsor Rep. Andr |
| 2012-04-16 | House | Assigned to Judiciary I - Civil Law Committee |
| 2012-03-30 | House | Added Alternate Chief Co-Sponsor Rep. Carol A. Sente |
| 2012-03-28 | House | Referred to Rules Committee |
| 2012-03-28 | House | First Reading |
| 2012-03-28 | House | Placed on Calendar Order of First Reading |
| 2012-03-28 | House | Chief House Sponsor Rep. Sara Feigenholtz |
| 2012-03-28 | House | Arrived in House |
| 2012-03-28 | Senate | Third Reading - Passed; 030-021-001 |
| 2012-03-28 | Senate | Verified |
| 2012-03-28 | Senate | Placed on Calendar Order of 3rd Reading |
| 2012-03-28 | Senate | Senate Floor Amendment No. 2 Adopted; Frerichs |
| 2012-03-28 | Senate | Recalled to Second Reading |
| 2012-03-28 | Senate | Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins |
| 2012-03-27 | Senate | Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 009-000-000 |
| 2012-03-06 | Senate | Senate Floor Amendment No. 2 Assignments Refers to Judiciary |
| 2012-03-01 | Senate | Placed on Calendar Order of 3rd Reading March 6, 2012 |
| 2012-03-01 | Senate | Second Reading |
| 2012-03-01 | Senate | Senate Floor Amendment No. 2 Referred to Assignments |
| 2012-03-01 | Senate | Senate Floor Amendment No. 2 Filed with Secretary by Sen. Michael W. Frerichs |
| 2012-02-28 | Senate | Placed on Calendar Order of 2nd Reading February 29, 2012 |
| 2012-02-28 | Senate | Do Pass as Amended Judiciary; 009-002-000 |
| 2012-02-28 | Senate | Senate Committee Amendment No. 1 Adopted |
| 2012-02-27 | Senate | Added as Chief Co-Sponsor Sen. Michael Noland |
| 2012-02-23 | Senate | Senate Committee Amendment No. 1 Postponed - Judiciary |
| 2012-02-23 | Senate | Postponed - Judiciary |
| 2012-02-22 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Judiciary |
| 2012-02-22 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2012-02-22 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael W. Frerichs |
| 2012-02-08 | Senate | Added as Co-Sponsor Sen. Heather A. Steans |
| 2012-02-07 | Senate | Assigned to Judiciary |
| 2012-02-01 | Senate | Referred to Assignments |
| 2012-02-01 | Senate | First Reading |
| 2012-02-01 | Senate | Filed with Secretary by Sen. Michael W. Frerichs |
