Bill Text: IL SB0708 | 2025-2026 | 104th General Assembly | Introduced

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Bill Title: Amends the Corporate Fiduciary Act. Makes a technical change in the Section concerning the short title of the Act.

Sponsorship: Partisan Bill (Democrat 3)

Status: (Introduced) 2025-06-02 - Rule 3-9(a) / Re-referred to Assignments [SB0708 Detail]

Download: Illinois-2025-SB0708-Introduced.html

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104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB0708 Introduced 1/24/2025, by Sen. Don Harmon SYNOPSIS AS INTRODUCED:
205 ILCS 620/1-1 from Ch. 17, par. 1551-1
Amends the Corporate Fiduciary Act. Makes a technical change in the Section concerning the short title of the Act.
LRB104 07006 BAB 17043 b
A BILL FOR
SB0708 LRB104 07006 BAB 17043 b
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Corporate Fiduciary Act is amended by
changing Section 1-1 as follows:
(205 ILCS 620/1-1) (from Ch. 17, par. 1551-1)
Sec. 1-1. Short Title. This Act shall be known and and may
be cited as the "Corporate Fiduciary Act".
(Source: P.A. 85-858.)