IL SB3438 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 5-3)
Status: Passed on August 26 2014 - 100% progression
Action: 2014-08-26 - Public Act . . . . . . . . . 98-1122
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the Co-operative Act. Increases from 5 to 10 the number of shares for which a person may subscribe or control. Increases from $100 to $1,000 the maximum subscription price per share. Increase from $500 to $10,000 the maximum value of stock issued to any one shareholder. Effective immediately.

Tracking Information

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Title

CO-OPERATIVE ACT SHARE LIMIT

Sponsors


Roll Calls

2014-05-30 - Senate - Concurrence in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]
2014-05-23 - House - Third Reading in House (Y: 112 N: 0 NV: 0 Abs: 1) [PASS]
2014-04-02 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]

History

DateChamberAction
2014-08-26SenatePublic Act . . . . . . . . . 98-1122
2014-08-26SenateEffective Date August 26, 2014
2014-08-26SenateGovernor Approved
2014-06-27SenateSent to the Governor
2014-05-30SenatePassed Both Houses
2014-05-30SenateHouse Committee Amendment No. 1 Senate Concurs 057-000-000
2014-05-28SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary; 010-000-000
2014-05-27SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Judiciary
2014-05-27SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
2014-05-27SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon
2014-05-23SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 26, 2014
2014-05-23SenateSecretary's Desk - Concurrence House Amendment(s) 1
2014-05-23HouseThird Reading - Short Debate - Passed 112-000-000
2014-05-22HouseAdded Alternate Chief Co-Sponsor Rep. Ron Sandack
2014-05-22HouseAdded Alternate Chief Co-Sponsor Rep. Kelly M. Cassidy
2014-05-13HousePlaced on Calendar Order of 3rd Reading - Short Debate
2014-05-13HouseSecond Reading - Short Debate
2014-05-07HousePlaced on Calendar 2nd Reading - Short Debate
2014-05-07HouseDo Pass as Amended / Short Debate Judiciary; 015-000-000
2014-05-07HouseHouse Committee Amendment No. 1 Adopted in Judiciary; by Voice Vote
2014-05-06HouseAdded Alternate Chief Co-Sponsor Rep. Michael W. Tryon
2014-05-05HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary
2014-04-29HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2014-04-29HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Barbara Wheeler
2014-04-23HouseAssigned to Judiciary
2014-04-08HouseAdded Alternate Chief Co-Sponsor Rep. Naomi D. Jakobsson
2014-04-03HouseReferred to Rules Committee
2014-04-03HouseFirst Reading
2014-04-03HouseChief House Sponsor Rep. Barbara Wheeler
2014-04-03HouseArrived in House
2014-04-02SenateSenate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
2014-04-02SenateThird Reading - Passed; 055-000-000
2014-04-02SenateAdded as Chief Co-Sponsor Sen. David Koehler
2014-04-01SenateSenate Floor Amendment No. 1 Referred to Assignments
2014-04-01SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon
2014-03-27SenatePlaced on Calendar Order of 3rd Reading April 1, 2014
2014-03-27SenateSecond Reading
2014-03-26SenateAdded as Co-Sponsor Sen. Michael W. Frerichs
2014-03-20SenatePlaced on Calendar Order of 2nd Reading March 21, 2014
2014-03-20SenateDo Pass Judiciary; 009-000-000
2014-03-05SenateAssigned to Judiciary
2014-02-14SenateReferred to Assignments
2014-02-14SenateFirst Reading
2014-02-14SenateFiled with Secretary by Sen. Don Harmon

Code Citations

ChapterArticleSectionCitation TypeStatute Text
8053102Amended CodeCitation Text

Illinois State Sources


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