PARKER-MAHAR-O'MALLEY-GEO-KARIS. (HAMOS-SCHOENBERG) 205 ILCS 620/6-13 from Ch. 17, par. 1556-13 Amends the Corporate Fiduciary Act. Adds a caption and makes technical changes in a Section concerning receivership expenses. SENATE AMENDMENT NO. 1. Deletes reference to: 205 ILCS 620/6-13 Adds reference to: 205 ILCS 620/2-6.5 new 205 ILCS 620/5-10 from Ch. 17, par. 1555-10 205 ILCS 620/8-1 from Ch. 17, par. 1558-1 205 ILCS 620/9-6 new Replaces everything after the enacting clause. Amends the Corporate Fiduciary Act. Provides for the management of business affairs of an independent corporate fiduciary by a board of directors. Authorizes staggered terms for directors. Provides for the assessments for the Corporate Fiduciary Receivership account in the Bank and Trust Company Fund to be levied until $5,000,000 has been deposited into the account. Requires corporate fiduciaries to be audited each year by an independent licensed public accountant. Effective immediately. HOUSE AMENDMENT NO. 1. Adds reference to: 205 ILCS 620/6-13.5 new Provides for assessments for the Corporate Fiduciary Receivership account to be levied until the account has a balance of $4,000,000 rather than $5,000,000. Authorizes the Commissioner of Banks and Real Estate to require a corporate fiduciary in receivership to post a bond sufficient to pay the costs of the receivership. JAN-31-2001 S FIRST READING JAN-31-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-01-2001 S ASSIGNED TO COMMITTEE FIN INST MAR-01-2001 S POSTPONED MAR-08-2001 S ADDED AS A CHIEF CO-SPONSOR MAHAR MAR-08-2001 S ADDED AS A CHIEF CO-SPONSOR O'MALLEY MAR-08-2001 S AMENDMENT NO. 01-FINANC. INST. S MAR-08-2001 S ADOPTED MAR-08-2001 S DO PASS AS AMENDED 007-000-000 SFIC MAR-08-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-03-20 MAR-08-2001 S ADDED AS A CHIEF CO-SPONSOR GEO-KARIS MAR-20-2001 S SECOND READING MAR-20-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-03-21 APR-05-2001 S THIRD READING - PASSED 056-000-000 APR-05-2001 H ARRIVE IN HOUSE APR-05-2001 H HOUSE SPONSOR MADIGAN,MJ APR-05-2001 H FIRST READING APR-05-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES APR-06-2001 H ASSIGNED TO COMMITTEE JUD-CIVIL LAW APR-18-2001 H ADDED AS A JOINT SPONSOR HAMOS MAY-01-2001 H ALTERNATE PRIMARY SPONSOR CHANGED TO HAMOS MAY-03-2001 H AMENDMENT NO. 01-JUD-CIVIL LAW H MAY-03-2001 H ADOPTED MAY-03-2001 H DO PASS AMENDED/SHORT DEBATE 012-000-000 HJUA MAY-03-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAY-08-2001 H SECOND READING-SHORT DEBATE MAY-08-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAY-09-2001 H THIRD READING/SHORT DEBATE/PASSED 114-000-000 MAY-09-2001 H ADDED AS A JOINT SPONSOR SCHOENBERG MAY-10-2001 S SECRETARYS DESK - CONCURRENCE 01 MAY-25-2001 S FILED WITH SECRETARY MAY-25-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PARKER MAY-25-2001 S MOTION REFERRED TO SRUL MAY-25-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PARKER MAY-25-2001 S RULES REFERS TO SFIC MAY-30-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PARKER MAY-30-2001 S BE APPROVED FOR CONSIDERATION SFIC/007-000-000 MAY-30-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PARKER MAY-30-2001 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01/057-000-000 MAY-30-2001 S PASSED BOTH HOUSES JUN-28-2001 S SENT TO THE GOVERNOR AUG-23-2001 S GOVERNOR APPROVED AUG-23-2001 S EFFECTIVE DATE 01-08-23 AUG-23-2001 S PUBLIC ACT.............................. 92-0485 END OF INQUIRY Full Text Bill Summary