IL HB5160 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]

Summary

Amends the Illinois Insurance Code. Creates the Domestic Stock Company Division Article in the Code. Provides that a domestic stock company may divide into 2 or more resulting companies pursuant to a plan of division. Contains provisions concerning the contents of the plan of division, approval of the plan of division by the Director of Insurance, effects of a division, certificates of division, liabilities, and shareholder rights. Makes conforming changes in provisions concerning mergers and consolidations.

Tracking Information

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Title

INS CD-DOMESTIC STOCK COMPANY

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2018-04-27HouseRule 19(a) / Re-referred to Rules Committee
2018-04-25HouseAdded Chief Co-Sponsor Rep. Anthony DeLuca
2018-04-25HouseAdded Chief Co-Sponsor Rep. André Thapedi
2018-04-20HousePlaced on Calendar Order of 3rd Reading - Short Debate
2018-04-20HouseHouse Floor Amendment No. 1 Adopted
2018-04-20HouseSecond Reading - Short Debate
2018-04-13HouseHouse Floor Amendment No. 1 Recommends Be Adopted Insurance: Property & Casualty Committee; 008-000-000
2018-04-12HouseAdded Chief Co-Sponsor Rep. Dan Brady
2018-04-09HouseHouse Floor Amendment No. 1 Rules Refers to Insurance: Property & Casualty Committee
2018-03-23HouseHouse Floor Amendment No. 1 Referred to Rules Committee
2018-03-23HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Lou Lang
2018-03-08HousePlaced on Calendar 2nd Reading - Short Debate
2018-03-07HouseDo Pass / Short Debate Insurance: Property & Casualty Committee; 011-000-000
2018-02-26HouseAssigned to Insurance: Property & Casualty Committee
2018-02-16HouseReferred to Rules Committee
2018-02-16HouseFirst Reading
2018-02-15HouseFiled with the Clerk by Rep. Lou Lang

Code Citations

ChapterArticleSectionCitation TypeStatute Text
2155156Amended CodeCitation Text
215535B-1New CodeSee Bill Text
215535B-10New CodeSee Bill Text
215535B-15New CodeSee Bill Text
215535B-20New CodeSee Bill Text
215535B-25New CodeSee Bill Text
215535B-30New CodeSee Bill Text
215535B-35New CodeSee Bill Text
215535B-40New CodeSee Bill Text
215535B-45New CodeSee Bill Text
215535B-5New CodeSee Bill Text
215535B-50New CodeSee Bill Text
2155Art. IIB headingNew CodeSee Bill Text

Illinois State Sources


Bill Comments

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