Bill Text: IL SB3217 | 2011-2012 | 97th General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Illinois Credit Union Act. Changes the definition of "common bond" to include relatives by civil union. Provides that if a member fails to maintain one fully paid share, the credit union may permit the member to re-subscribe within 30 days after the member failed to maintain one fully paid share. Provides that, if the board of directors of a credit union has adopted a policy addressing age eligibility standards, then the credit union may require that members be at least 18 years of age by the date of the meeting in order to vote at meetings, sign nominating petitions, or sign petitions requesting special meetings and at least 18 years of age by the date of the election or appointment in order to hold elective or appointive office. Provides that a resulting credit union shall be considered the same business and corporate entity as each merging or consolidating credit union or as the converting credit union. Defines "resulting credit union". Effective immediately.
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: (Passed) 2012-07-27 - Public Act . . . . . . . . . 97-0855 [SB3217 Detail]
Download: Illinois-2011-SB3217-Amended.html
Bill Title: Amends the Illinois Credit Union Act. Changes the definition of "common bond" to include relatives by civil union. Provides that if a member fails to maintain one fully paid share, the credit union may permit the member to re-subscribe within 30 days after the member failed to maintain one fully paid share. Provides that, if the board of directors of a credit union has adopted a policy addressing age eligibility standards, then the credit union may require that members be at least 18 years of age by the date of the meeting in order to vote at meetings, sign nominating petitions, or sign petitions requesting special meetings and at least 18 years of age by the date of the election or appointment in order to hold elective or appointive office. Provides that a resulting credit union shall be considered the same business and corporate entity as each merging or consolidating credit union or as the converting credit union. Defines "resulting credit union". Effective immediately.
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: (Passed) 2012-07-27 - Public Act . . . . . . . . . 97-0855 [SB3217 Detail]
Download: Illinois-2011-SB3217-Amended.html
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| 1 | AMENDMENT TO SENATE BILL 3217
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 3217 as follows:
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| 3 | on page 2, by replacing lines 1 and 2 with the following:
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| 4 | "families which shall include any relative by blood or | ||||||
| 5 | marriage or foster and adopted children."; and
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| 6 | on page 2, by replacing line 6 with the following:
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| 7 | "relative by blood or marriage or foster"; and
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| 8 | on page 2, by replacing line 13 with the following:
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| 9 | "blood or marriage or foster and adopted"; and
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| 10 | on page 4, line 24, after the period, by inserting the | ||||||
| 11 | following:
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| 1 | "A single economic unit includes any person who contemplates or | ||||||
| 2 | intends some degree of permanency in living in the household | ||||||
| 3 | and participates in the maintenance of the household, including | ||||||
| 4 | without limitation domestic partners, persons sharing an | ||||||
| 5 | apartment, condominium, house, or other dwelling unit, and | ||||||
| 6 | persons in legal guardian relationships, such as foster | ||||||
| 7 | children, minors, and disabled persons.".
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