RUTHERFORD-RYDER-BRADY-MCAULIFFE-TENHOUSE. (KLEMM-WALSH,T) 205 ILCS 5/14 from Ch. 17, par. 321 205 ILCS 5/17 from Ch. 17, par. 324 Amends the Illinois Banking Act. Authorizes banks to engage in reverse stock splits. Provides that banks may issue fractional shares. Allows the elimination of fractional shares. Requires payment of fair value for the fractional shares eliminated. Effective immediately. FISCAL NOTE (Office of Banks & Real Estate) This bill would have no fiscal impact on this Dept. 97-03-06 H FIRST READING 97-03-06 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-11 H ASSIGNED TO COMMITTEE FIN INSTIT 97-03-19 H DO PASS/SHORT DEBATE 029-000-000 HFIN 97-03-19 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-03-20 H SECOND READING-SHORT DEBATE 97-03-20 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-03-21 H FISCAL NOTE FILED 97-03-21 H CALENDAR ORDER 3RD READING-SHORT DEBATE 97-04-08 H ADDED AS A JOINT SPONSOR RYDER 97-04-08 H ADDED AS A CO-SPONSOR BRADY 97-04-08 H ADDED AS A CO-SPONSOR MCAULIFFE 97-04-08 H ADDED AS A CO-SPONSOR TENHOUSE 97-04-14 H THIRD READING/SHORT DEBATE/PASSED 117-000-001 97-04-15 S ARRIVE IN SENATE 97-04-15 S PLACED CALENDAR ORDER OF FIRST READING 97-04-15 S CHIEF SPONSOR KLEMM 97-04-16 S FIRST READING 97-04-16 S REFERRED TO SENATE RULES COMMITTEE RULES 97-04-22 S ADDED AS A CHIEF CO-SPONSOR WALSH,T 97-04-23 S ASSIGNED TO COMMITTEE FIN INST 97-05-01 S DO PASS 008-000-000 SFIC 97-05-01 S PLACED ON CALENDAR ORDER OF 2ND READING 97-05-06 97-05-07 S SECOND READING 97-05-07 S PLACED ON CALENDAR ORDER OF 3RD READING 97-05-08 97-05-09 S THIRD READING - PASSED 053-000-002 97-05-09 H PASSED BOTH HOUSES 97-06-06 H SENT TO THE GOVERNOR 97-07-23 H GOVERNOR APPROVED 97-07-23 H EFFECTIVE DATE 97-07-23 97-07-23 H PUBLIC ACT.............................. 90-0160 END OF INQUIRY Full Text Bill Summary