IL SB1466 | 2025-2026 | 104th General Assembly
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 31 2025 - 25% progression
Action: 2025-02-11 - Assigned to Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 31 2025 - 25% progression
Action: 2025-02-11 - Assigned to Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Business Corporation Act of 1983. Provides that the articles of incorporation of any corporation (currently, any corporation incorporated after December 31, 1981) may limit or eliminate cumulative voting rights in all or specified circumstances, or may limit or deny voting rights or may provide special voting rights as to any class or classes or series of shares of such corporation.
Title
CORPORATION-INCORPORATION DATE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-11 | Senate | Assigned to Judiciary |
| 2025-02-07 | Senate | Added as Chief Co-Sponsor Sen. Michael E. Hastings |
| 2025-02-05 | Senate | Added as Co-Sponsor Sen. John F. Curran |
| 2025-01-31 | Senate | Referred to Assignments |
| 2025-01-31 | Senate | First Reading |
| 2025-01-31 | Senate | Filed with Secretary by Sen. Julie A. Morrison |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 805 | 5 | 7.40 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1466&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| Text | https://www.ilga.gov/legislation/104/SB/10400SB1466.htm |
