Illinois General Assembly - Bill Status for SB1098
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 Bill Status of SB1098  98th General Assembly


Short Description:  BUS CORP-DISSOLUTION-LIABILITY

Senate Sponsors
Sen. Don Harmon

House Sponsors
(Rep. Barbara Flynn Currie)

Last Action
DateChamber Action
  7/21/2014SenatePublic Act . . . . . . . . . 98-0776

Statutes Amended In Order of Appearance
815 ILCS 515/1from Ch. 121 1/2, par. 1601


Synopsis As Introduced
Amends the Home Repair Fraud Act. Makes a technical change in the short title Section.

Senate Floor Amendment No. 1
Deletes reference to:
815 ILCS 515/1
Adds reference to:
805 ILCS 5/12.80from Ch. 32, par. 12.80

Replaces everything after the enacting clause. Amends the Business Corporation Act of 1983. Provides that the dissolution of a corporation does not impair a civil remedy available to or against the corporation for any liability accrued or incurred (rather than incurred) either prior to, at the time of, or after (rather than incurred prior to) the dissolution. Provides that "this provision does not extend any applicable statute of limitations".

House Floor Amendment No. 1
Adds reference to:
805 ILCS 5/8.65from Ch. 32, par. 8.65
805 ILCS 5/12.40from Ch. 32, par. 12.40
805 ILCS 5/12.45from Ch. 32, par. 12.45
805 ILCS 105/108.65from Ch. 32, par. 108.65
805 ILCS 105/112.40from Ch. 32, par. 112.40
805 ILCS 105/112.45from Ch. 32, par. 112.45
805 ILCS 180/35-30
805 ILCS 180/35-40
805 ILCS 215/809
805 ILCS 215/810

Amends the Business Corporation Act of 1983, General Not For Profit Corporation Act of 1986, Limited Liability Company Act, and Uniform Limited Partnership Act (2001) in relation to director and officer liability when the entity has been dissolved. Provides that directors, officers, and others are not liable for liabilities incurred during periods of administrative dissolution if the entity is reinstated.

Actions 
DateChamber Action
  1/24/2013SenateFiled with Secretary by Sen. John J. Cullerton
  1/24/2013SenateFirst Reading
  1/24/2013SenateReferred to Assignments
  3/13/2013SenateAssigned to Executive
  3/20/2013SenateDo Pass Executive; 010-000-000
  3/20/2013SenatePlaced on Calendar Order of 2nd Reading March 21, 2013
  4/12/2013SenateSecond Reading
  4/12/2013SenatePlaced on Calendar Order of 3rd Reading April 16, 2013
  4/29/2013SenateRule 2-10 Third Reading Deadline Established As May 3, 2013
  4/30/2013SenateRe-referred to Assignments
  5/2/2013SenateRule 2-10 Third Reading Deadline Established As May 31, 2013
  4/1/2014SenateApproved for Consideration Assignments
  4/1/2014SenatePlaced on Calendar Order of 3rd Reading April 2, 2014
  4/2/2014SenateChief Sponsor Changed to Sen. Don Harmon
  4/3/2014SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon
  4/3/2014SenateSenate Floor Amendment No. 1 Referred to Assignments
  4/7/2014SenateSenate Floor Amendment No. 1 Assignments Refers to Judiciary
  4/8/2014SenateSenate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 011-000-000
  4/8/2014SenateRecalled to Second Reading
  4/8/2014SenateSenate Floor Amendment No. 1 Adopted; Harmon
  4/8/2014SenatePlaced on Calendar Order of 3rd Reading April 9, 2014
  4/11/2014SenateRule 2-10 Third Reading Deadline Established As May 1, 2014
  5/1/2014SenateThird Reading - Passed; 046-004-000
  5/1/2014HouseArrived in House
  5/19/2014HouseChief House Sponsor Rep. Barbara Flynn Currie
  5/19/2014HouseFirst Reading
  5/19/2014HouseReferred to Rules Committee
  5/19/2014HouseAssigned to Judiciary
  5/19/2014HouseCommittee Deadline Extended-Rule 9(b) May 30, 2014
  5/23/2014HouseFinal Action Deadline Extended-9(b) May 30, 2014
  5/27/2014HouseDo Pass / Short Debate Judiciary; 015-000-000
  5/27/2014HousePlaced on Calendar 2nd Reading - Short Debate
  5/27/2014HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Barbara Flynn Currie
  5/27/2014HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  5/27/2014HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-002-000
  5/27/2014HouseSecond Reading - Short Debate
  5/27/2014HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/28/2014HouseRecalled to Second Reading - Short Debate
  5/28/2014HouseHouse Floor Amendment No. 1 Adopted
  5/28/2014HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/28/2014HouseThird Reading - Short Debate - Passed 114-001-000
  5/28/2014SenateSecretary's Desk - Concurrence House Amendment(s) 1
  5/28/2014SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 29, 2014
  5/29/2014SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon
  5/29/2014SenateHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments
  5/29/2014SenateHouse Floor Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
  5/30/2014SenateHouse Floor Amendment No. 1 Senate Concurs 056-001-000
  5/30/2014SenatePassed Both Houses
  6/27/2014SenateSent to the Governor
  7/21/2014SenateGovernor Approved
  7/21/2014SenateEffective Date January 1, 2015
  7/21/2014SenatePublic Act . . . . . . . . . 98-0776

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