Bill Status of SB1308  102nd General Assembly


Senate Sponsors
Sen. Chapin Rose

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
110 ILCS 305/105 new

Synopsis As Introduced
Amends the University of Illinois Act. Provides that notwithstanding any other provisions of law, the University may form one or more limited liability companies to own any current or future intellectual property attributable to the University pursuant to the Limited Liability Company Act. Requires the University to maintain a 51% ownership interest in any limited liability company formed. Allows the intellectual property to be held as a tenancy in common with all entities that hold an ownership interest in the company. Requires the payment of distributions.

DateChamber Action
  2/7/2019SenateFiled with Secretary by Sen. Chapin Rose
  2/7/2019SenateFirst Reading
  2/7/2019SenateReferred to Assignments
  3/12/2019SenateAssigned to Higher Education
  3/20/2019SenatePostponed - Higher Education
  3/22/2019SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2021SenateSession Sine Die