Illinois House Bill 2104 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Amends the Business Opportunity Sales Law of 1995. Provides that a business opportunity disclosure document shall contain a statement informing the prospective purchaser that he or she will be provided 14 days (rather than 10 business days) to review the disclosure document before signing any contract or agreement or making any payment to the seller or the seller's representative. Also amends the Limited Liability Company Act. Provides that a limited liability company may be formed for the purpose of practicing medicine if, among other conditions, each member is a hospital affiliate as defined in the Hospital Licensing Act. Effective immediately.

BUS OPPORTUNITY-DISCLOSURE DOC

Sen. Chapin Rose [R]

Rep. Dwight Kay [R]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2011-04-15	House	Rule 19(a) / Re-referred to Rules Committee
2011-04-14	House	Held on Calendar Order of Second Reading - Short Debate
2011-04-14	House	Second Reading - Short Debate
2011-04-05	House	Added Chief Co-Sponsor Rep. Dwight Kay
2011-03-08	House	House Floor Amendment No. 1 Referred to Rules Committee
2011-03-08	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Chapin Rose
2011-03-02	House	Placed on Calendar 2nd Reading - Short Debate
2011-03-02	House	Do Pass / Short Debate Judiciary I - Civil Law Committee; 011-000-000
2011-02-24	House	Assigned to Judiciary I - Civil Law Committee
2011-02-22	House	Referred to Rules Committee
2011-02-22	House	First Reading
2011-02-18	House	Filed with the Clerk by Rep. Chapin Rose

Chapter	Article	Section	Citation Type	Statute Text
805	180	1-25	Amended Code	Citation Text
815	602	5-35	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2104&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB2104.htm
Text	https://www.ilga.gov/legislation/97/HB/09700HB2104ham001.htm