INS CD-DOMESTIC STOCK COMPANY
Summary
Amends the Illinois Insurance Code. Creates the Domestic Stock Company Division Article in the Code. Provides that a domestic stock company may divide into 2 or more resulting companies pursuant to a plan of division. Contains provisions concerning the contents of the plan of division, approval of the plan of division by the Director of Insurance, effects of a division, certificates of division, liabilities, and shareholder rights. Makes conforming changes in provisions concerning mergers and consolidations.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2018
Committee Review
Floor Vote
Governor
Introduced Feb 16, 2018
Last action Jan 9, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Jan 9, 2019
Senate · Failed
Session Sine Die
Apr 27, 2018
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Apr 13, 2018
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 27, 2018
Feb 27, 2018
Senate · Referred to committee
Assigned to Insurance
Feb 16, 2018
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
John G. Mulroe
DDemocratic
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