Bill Title: Amends language in the Illinois Securities Law of 1953 providing that the 3-year period for seeking specified relief under the Act begins to run on the earlier of the date the party bringing the action has actual knowledge of the alleged violation or the date the party bringing the action has notice of facts which in the exercise of reasonable diligence would lead to actual knowledge of the alleged violation. Deletes language providing that the period of limitation may not be extended more than 2 years beyond the expiration of the 3-year period. Effective immediately.

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Passed) 2013-08-05 - Public Act . . . . . . . . . 98-0174 [HB2969 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2013-08-05	HTML/Text	Link	View
Enrolled	2013-05-23	HTML/Text	Link	View
Engrossed	2013-03-19	HTML/Text	Link	View
Introduced	2013-02-26	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB2969

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB2969 currently on file.

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