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Amends the Business Corporation Act of 1983. Provides that the articles of incorporation of any corporation (currently, any corporation incorporated after December 31, 1981) may limit or eliminate cumulative voting rights in all or specified circumstances, or may limit or deny voting rights or may provide special voting rights as to any class or classes or series of shares of such corporation.
Introduced
Feb 6, 2025
Last Action
Apr 11, 2025
Session
IL 104th
Sponsors
1 primary · 2 co
Rule 19(a) / Re-referred to Rules Committee
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Added Chief Co-Sponsor Rep. Curtis J. Tarver, II
Do Pass / Short Debate Judiciary - Civil Committee; 018-000-000
Placed on Calendar 2nd Reading - Short Debate
Assigned to Judiciary - Civil Committee
Added Chief Co-Sponsor Rep. Jennifer Gong-Gershowitz
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Bob Morgan
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 19(a) / Re-referred to Rules Committee
Jennifer Gong-Gershowitz
Curtis J. Tarver, II