CORPORATIONS-TECH Senate SponsorsSen. A. J. Wilhelmi House Sponsors(Rep. André M. Thapedi-Arthur Turner) 8/2/2012SenatePublic Act . . . . . . . . . 97-0881 805 ILCS 105/101.01from Ch. 32, par. 101.01Amends the General Not For Profit Corporation Act of 1986. Makes a technical change in a Section concerning the short title.Senate Floor Amendment No. 1 Deletes reference to:805 ILCS 105/101.01Adds reference to:805 ILCS 5/8.75from Ch. 32, par. 8.75805 ILCS 105/108.75from Ch. 32, par. 108.75Replaces everything after the enacting clause. Amends the Business Corporation Act of 1983 and the General Not For Profit Corporation Act of 1986. Distinguishes under both Acts the indemnification rights of a corporation's current directors and officers from the indemnification rights of a corporation's former directors, officers, other employees and agents and persons serving at the request of the corporation as directors, officers, employees or agents of another entity. Clarifies the situations under both Acts where indemnification by a corporation will be made upon a determination that the applicable standard of conduct has been met by the person to be indemnified and, with respect to a person who is a director or officer of the corporation at the time of the determination, specifies that a board of directors decision that the determination be made by independent legal counsel in a written legal opinion be done at the direction of only those directors who are not parties to such action, suit or proceeding rather than at the direction of the entire board of directors. Also clarifies under both Acts that a right to indemnification or advancement of expenses under a corporation's articles of incorporation or by-law cannot be eliminated or impaired by an amendment to such provision subsequent to the action or omission for which indemnification or advancement of expenses is sought unless the provision in effect at the time of such action or omission explicitly authorizes such subsequent elimination or impairment. Makes other changes. Effective immediately. 2/8/2011SenateFiled with Secretary by Sen. John J. Cullerton 2/8/2011SenateFirst Reading 2/8/2011SenateReferred to Assignments 3/9/2011SenateAssigned to Executive 3/17/2011SenateDo Pass Executive; 015-000-000 3/17/2011SenatePlaced on Calendar Order of 2nd Reading March 17, 2011 3/17/2011SenateSecond Reading 3/17/2011SenatePlaced on Calendar Order of 3rd Reading March 29, 2011 4/8/2011SenateChief Sponsor Changed to Sen. A. J. Wilhelmi 4/8/2011SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. A. J. Wilhelmi 4/8/2011SenateSenate Floor Amendment No. 1 Referred to Assignments 4/11/2011SenateSenate Floor Amendment No. 1 Assignments Refers to Judiciary 4/12/2011SenateSenate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 009-000-000 4/13/2011SenateRecalled to Second Reading 4/13/2011SenateSenate Floor Amendment No. 1 Adopted; Wilhelmi 4/13/2011SenatePlaced on Calendar Order of 3rd Reading 4/13/2011SenateThird Reading - Passed; 058-000-000 4/14/2011HouseArrived in House 4/28/2011HousePlaced on Calendar Order of First Reading 4/28/2011HouseChief House Sponsor Rep. Michael J. Madigan 4/28/2011HouseFirst Reading 4/28/2011HouseReferred to Rules Committee 5/2/2011HouseAssigned to Executive Committee 5/3/2011HouseAlternate Chief Sponsor Changed to Rep. André M. Thapedi 5/13/2011HouseCommittee Deadline Extended-Rule 9(b) May 20, 2011 5/20/2011HouseAdded Alternate Chief Co-Sponsor Rep. Arthur Turner 5/20/2011HouseFinal Action Deadline Extended-9(b) May 27, 2011 5/27/2011HouseFinal Action Deadline Extended-9(b) May 31, 2011 5/29/2011HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Barbara Flynn Currie 5/29/2011HouseHouse Committee Amendment No. 1 Referred to Rules Committee 5/29/2011HouseHouse Committee Amendment No. 1 In line by 3PM. Timely filed in accordance with House Rule 18(e) 5/29/2011HouseHouse Committee Amendment No. 1 Rules Refers to Executive Committee 5/31/2011HouseRule 19(a) / Re-referred to Rules Committee 5/31/2011HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40 2/27/2012HouseAssigned to Judiciary I - Civil Law Committee 3/7/2012HouseDo Pass / Short Debate Judiciary I - Civil Law Committee; 010-000-000 3/7/2012HousePlaced on Calendar 2nd Reading - Short Debate 4/24/2012HouseSecond Reading - Short Debate 4/24/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/9/2012HouseThird Reading - Short Debate - Passed 117-000-000 5/9/2012SenatePassed Both Houses 6/7/2012SenateSent to the Governor 8/2/2012SenateGovernor Approved 8/2/2012SenateEffective Date August 2, 2012 8/2/2012SenatePublic Act . . . . . . . . . 97-0881