BUSINESS-FOREIGN CORPS Senate SponsorsSen. Michael Noland House Sponsors(Rep. Careen M Gordon-Jack McGuire) 8/28/2007SenatePublic Act . . . . . . . . . 95-0515 805 ILCS 5/13.50from Ch. 32, par. 13.50805 ILCS 5/13.55from Ch. 32, par. 13.55805 ILCS 5/13.70from Ch. 32, par. 13.70805 ILCS 180/45-35805 ILCS 180/45-50Amends the Business Corporation Act of 1983 and the Limited Liability Company Act. Revokes the authority of a foreign corporation or foreign limited liability company to transact business in this State when the Secretary of State receives a copy of a memorandum of judgment relating to a judgment entered for money owed to a unit of local government or school district, together with a statement filed by its attorney that the judgment has not been satisfied and that no appeal has been filed. Authorizes the Attorney General to bring an action to restrain a foreign corporation or foreign limited liability company from transacting business in this State, if that authority has been revoked under the amendatory provisions of the bill concerning an unsatisfied judgement for money owed to a unit of local government school district. Effective immediately. 2/9/2007SenateFiled with Secretary by Sen. Michael Noland 2/9/2007SenateFirst Reading 2/9/2007SenateReferred to Rules 2/21/2007SenateAssigned to Judiciary Civil Law 3/1/2007SenateHeld in Judiciary Civil Law 3/8/2007SenateHeld in Judiciary Civil Law 3/14/2007SenateDo Pass Judiciary Civil Law; 009-000-000 3/14/2007SenatePlaced on Calendar Order of 2nd Reading March 15, 2007 3/20/2007SenateSecond Reading 3/20/2007SenatePlaced on Calendar Order of 3rd Reading March 21, 2007 3/30/2007SenateRule 2-10 Third Reading Deadline Established As May 31, 2007 4/20/2007SenateThird Reading - Passed; 057-000-000 4/20/2007HouseArrived in House 4/20/2007HousePlaced on Calendar Order of First Reading 4/25/2007HouseChief House Sponsor Rep. Careen M Gordon 4/25/2007HouseFirst Reading 4/25/2007HouseReferred to Rules Committee 4/30/2007HouseAssigned to Judiciary I - Civil Law Committee 5/2/2007HouseAdded Alternate Chief Co-Sponsor Rep. Jack McGuire 5/8/2007HouseDo Pass / Short Debate Judiciary I - Civil Law Committee; 012-000-000 5/9/2007HousePlaced on Calendar 2nd Reading - Short Debate 5/24/2007HouseSecond Reading - Short Debate 5/24/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/31/2007HouseThird Reading - Short Debate - Passed 116-000-000 5/31/2007SenatePassed Both Houses 6/29/2007SenateSent to the Governor 8/28/2007SenateGovernor Approved 8/28/2007SenateEffective Date August 28, 2007 8/28/2007SenatePublic Act . . . . . . . . . 95-0515