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]
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.
Title
CO-OPERATIVE ACT SHARE LIMIT
Sponsors
| Sen. Don Harmon [D] | Sen. David Koehler [D] | Sen. Michael Frerichs [D] | Rep. Barbara Wheeler [R] |
| Rep. Naomi Jakobsson [D] | Rep. Michael Tryon [R] | Rep. Kelly Cassidy [D] | Rep. Ronald Sandack [R] |
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]
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
| Date | Chamber | Action |
|---|---|---|
| 2014-08-26 | Senate | Public Act . . . . . . . . . 98-1122 |
| 2014-08-26 | Senate | Effective Date August 26, 2014 |
| 2014-08-26 | Senate | Governor Approved |
| 2014-06-27 | Senate | Sent to the Governor |
| 2014-05-30 | Senate | Passed Both Houses |
| 2014-05-30 | Senate | House Committee Amendment No. 1 Senate Concurs 057-000-000 |
| 2014-05-28 | Senate | House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary; 010-000-000 |
| 2014-05-27 | Senate | House Committee Amendment No. 1 Motion to Concur Assignments Referred to Judiciary |
| 2014-05-27 | Senate | House Committee Amendment No. 1 Motion to Concur Referred to Assignments |
| 2014-05-27 | Senate | House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon |
| 2014-05-23 | Senate | Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 26, 2014 |
| 2014-05-23 | Senate | Secretary's Desk - Concurrence House Amendment(s) 1 |
| 2014-05-23 | House | Third Reading - Short Debate - Passed 112-000-000 |
| 2014-05-22 | House | Added Alternate Chief Co-Sponsor Rep. Ron Sandack |
| 2014-05-22 | House | Added Alternate Chief Co-Sponsor Rep. Kelly M. Cassidy |
| 2014-05-13 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2014-05-13 | House | Second Reading - Short Debate |
| 2014-05-07 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2014-05-07 | House | Do Pass as Amended / Short Debate Judiciary; 015-000-000 |
| 2014-05-07 | House | House Committee Amendment No. 1 Adopted in Judiciary; by Voice Vote |
| 2014-05-06 | House | Added Alternate Chief Co-Sponsor Rep. Michael W. Tryon |
| 2014-05-05 | House | House Committee Amendment No. 1 Rules Refers to Judiciary |
| 2014-04-29 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2014-04-29 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Barbara Wheeler |
| 2014-04-23 | House | Assigned to Judiciary |
| 2014-04-08 | House | Added Alternate Chief Co-Sponsor Rep. Naomi D. Jakobsson |
| 2014-04-03 | House | Referred to Rules Committee |
| 2014-04-03 | House | First Reading |
| 2014-04-03 | House | Chief House Sponsor Rep. Barbara Wheeler |
| 2014-04-03 | House | Arrived in House |
| 2014-04-02 | Senate | Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) |
| 2014-04-02 | Senate | Third Reading - Passed; 055-000-000 |
| 2014-04-02 | Senate | Added as Chief Co-Sponsor Sen. David Koehler |
| 2014-04-01 | Senate | Senate Floor Amendment No. 1 Referred to Assignments |
| 2014-04-01 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon |
| 2014-03-27 | Senate | Placed on Calendar Order of 3rd Reading April 1, 2014 |
| 2014-03-27 | Senate | Second Reading |
| 2014-03-26 | Senate | Added as Co-Sponsor Sen. Michael W. Frerichs |
| 2014-03-20 | Senate | Placed on Calendar Order of 2nd Reading March 21, 2014 |
| 2014-03-20 | Senate | Do Pass Judiciary; 009-000-000 |
| 2014-03-05 | Senate | Assigned to Judiciary |
| 2014-02-14 | Senate | Referred to Assignments |
| 2014-02-14 | Senate | First Reading |
| 2014-02-14 | Senate | Filed with Secretary by Sen. Don Harmon |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 805 | 310 | 2 | Amended Code | Citation Text |
