IL HB4708 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 8-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Summary

Creates the Benefit Corporation Act. Provides that a corporation may elect to become a benefit corporation by amending its articles of incorporation. Provides that in addition to its purposes under the Business Corporation Act of 1983 and any specific purpose set forth in its articles of incorporation, a benefit corporation shall have a purpose of creating general public benefit. Requires the preparation of an annual report for specified distribution and filing with the Secretary of State. Defines key terms and contains provisions concerning accountability and transparency.

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Title

BENEFIT CORPORATION ACT

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2012-03-30HouseRule 19(a) / Re-referred to Rules Committee
2012-03-22HouseHeld on Calendar Order of Second Reading - Short Debate
2012-03-22HouseSecond Reading - Short Debate
2012-03-22HouseAdded Co-Sponsor Rep. Kimberly du Buclet
2012-03-22HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
2012-03-22HouseAdded Co-Sponsor Rep. Robyn Gabel
2012-03-05HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
2012-03-02HouseHouse Floor Amendment No. 2 Referred to Rules Committee
2012-03-02HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Sara Feigenholtz
2012-03-01HouseAdded Co-Sponsor Rep. Greg Harris
2012-03-01HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
2012-03-01HousePlaced on Calendar 2nd Reading - Short Debate
2012-02-29HouseAdded Co-Sponsor Rep. Andr
2012-02-29HouseDo Pass / Short Debate Judiciary I - Civil Law Committee; 008-003-000
2012-02-29HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary I - Civil Law Committee
2012-02-21HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2012-02-21HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Sara Feigenholtz
2012-02-15HouseAssigned to Judiciary I - Civil Law Committee
2012-02-03HouseReferred to Rules Committee
2012-02-03HouseFirst Reading
2012-02-03HouseAdded Chief Co-Sponsor Rep. Carol A. Sente
2012-02-03HouseAdded Chief Co-Sponsor Rep. Karen May
2012-02-02HouseFiled with the Clerk by Rep. Sara Feigenholtz

Illinois State Sources


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