Illinois 102nd Regular Session Status: Passed Senate

SB 1872 — CORP-RATIFY DEFECTIVE ACTIONS

Last action — Session Sine Die

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 102nd Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Business Corporation Act of 1983. Adds an Article to the Act to provide for the ratification and validation of defective corporate actions. Authorizes corporations to correct actions taken without proper documentation or the overissuance of shares. Provides that such actions are not void if ratified as provided. Defines terms. Senate Floor Amendment No. 1 Makes references to "election or designation" of initial directors, "defective corporate action", and "statement of correction" uniform throughout the new Article. Corrects a typographical error. House Committee Amendment No. 1 Replaces everything after the enacting clause. Removes provisions concerning the overissuance of shares.

Bill Text

Amendments

2 amendments

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Session Sine Die

  2. House Committee Amendment No. 1 Motion to Concur Referred to Assignments; Pursuant to Senate Rule 3-9(b)

  3. Pursuant to Senate Rule 3-9(b) / Referred to Assignments

  4. House Committee Amendment No. 1 Motion to Concur Postponed Judiciary

  5. House Committee Amendment No. 1 Motion to Concur Assignments Referred to Judiciary

  6. House Committee Amendment No. 1 Motion to Concur Referred to Assignments

  7. House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Jason A. Barickman

  8. Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 28, 2021

  9. Secretary's Desk - Concurrence House Amendment(s) 1

  10. Third Reading - Consent Calendar - Passed 116-000-000

  11. Third Reading - Consent Calendar - First Day

  12. Placed on Calendar Order of 3rd Reading - Consent Calendar

  13. Held on Calendar Order of Second Reading - Consent Calendar

  14. Second Reading - Consent Calendar

  15. Placed on Calendar 2nd Reading - Consent Calendar

  16. Do Pass as Amended / Consent Calendar Labor & Commerce Committee; 028-000-000

  17. House Committee Amendment No. 1 Adopted in Labor & Commerce Committee; by Voice Vote

  18. House Committee Amendment No. 1 Rules Refers to Labor & Commerce Committee

  19. House Committee Amendment No. 1 Referred to Rules Committee

  20. House Committee Amendment No. 1 Filed with Clerk by Rep. Deanne M. Mazzochi

  21. Assigned to Labor & Commerce Committee

  22. Referred to Rules Committee

  23. First Reading

  24. Chief House Sponsor Rep. Deanne M. Mazzochi

  25. Arrived in House

  26. Third Reading - Passed; 055-000-000

  27. Senate Floor Amendment No. 1 Adopted; Barickman

  28. Recalled to Second Reading

  29. Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 009-000-000

  30. Placed on Calendar Order of 3rd Reading April 15, 2021

  31. Second Reading

  32. Senate Floor Amendment No. 1 Assignments Refers to Judiciary

  33. Senate Floor Amendment No. 1 Referred to Assignments

  34. Senate Floor Amendment No. 1 Filed with Secretary by Sen. Jason A. Barickman

  35. Placed on Calendar Order of 2nd Reading March 25, 2021

  36. Do Pass Judiciary; 008-000-000

  37. Assigned to Judiciary

  38. Referred to Assignments

  39. First Reading

  40. Filed with Secretary by Sen. Jason A. Barickman

Sponsors

  • Jason A. Barickman · Primary
  • Deanne M. Mazzochi · Primary

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 181 not signed on

Sponsors (2)

  • Jason A. Barickman
  • Deanne M. Mazzochi

Co-sponsors (0)

None.

Not signed on (181)

181 members have not signed on to this bill.

Show all 181 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 116 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 36002
Democrat 54000
Republican 26000
Total 116002
% of votes cast 98%0%0%2%
How each member voted (118)
Member Party Vote
Nichols — Yea
Ozinga — Yea
Batinick — Yea
Ramirez — Yea
Bennett — Yea
Bos — Yea
Bourne — Yea
Robinson — Yea
Harris — Yea
Brady — Yea
Burke — Yea
Butler — Yea
Carroll — Yea
Sommer — Yea
Hurley — Yea
Caulkins — Yea
Conroy — Yea
Stoneback — Yea
Luft — Yea
D'Amico — Yea
Davis — Yea
Marron — Yea
Demmer — Yea
Welter — Yea
Mazzochi — Yea
Durkin — Yea
Wheeler — Yea
Flowers — Yea
Willis — Yea
Frese — Yea
Yednock — Yea
Yingling — Yea
Greenwood — Yea
Jones — Not Voting
Zalewski — Not Voting
Costa Howard — Yea
Williams, Jawaharial — Yea
Yang Rohr — Yea
Aarón M. Ortíz Democrat Yea
Angelica Guerrero-Cuellar Democrat Yea
Ann M. Williams Democrat Yea
Anna Moeller Democrat Yea
Anne Stava Democrat Yea
Anthony DeLuca Democrat Yea
Barbara Hernandez Democrat Yea
Bob Morgan Democrat Yea
Camille Y. Lilly Democrat Yea
Carol Ammons Democrat Yea
Curtis J. Tarver, II Democrat Yea
Dagmara Avelar Democrat Yea
Daniel Didech Democrat Yea
Dave Vella Democrat Yea
Debbie Meyers-Martin Democrat Yea
Edgar González, Jr. Democrat Yea
Elizabeth "Lisa" Hernandez Democrat Yea
Emanuel "Chris" Welch Democrat Yea
Eva-Dina Delgado Democrat Yea
Fred Crespo Democrat Yea
Jaime M. Andrade, Jr. Democrat Yea
Jay Hoffman Democrat Yea
Jehan Gordon-Booth Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Joyce Mason Democrat Yea
Julie A. Morrison Democrat Yea
Justin Slaughter Democrat Yea
Kam Buckner Democrat Yea
Katie Stuart Democrat Yea
Kelly M. Cassidy Democrat Yea
La Shawn K. Ford Democrat Yea
Lakesia Collins Democrat Yea
Laura M. Murphy Democrat Yea
Lawrence "Larry" Walsh, Jr. Democrat Yea
Lindsey LaPointe Democrat Yea
Marcus C. Evans, Jr. Democrat Yea
Margaret Croke Democrat Yea
Mark L. Walker Democrat Yea
Martin J. Moylan Democrat Yea
Maura Hirschauer Democrat Yea
Maurice A. West, II Democrat Yea
Michael W. Halpin Democrat Yea
Michelle Mussman Democrat Yea
Natalie A. Manley Democrat Yea
Nicholas K. Smith Democrat Yea
Rita Mayfield Democrat Yea
Robert "Bob" Rita Democrat Yea
Robyn Gabel Democrat Yea
Sonya M. Harper Democrat Yea
Stephanie A. Kifowit Democrat Yea
Sue Scherer Democrat Yea
Suzanne M. Ness Democrat Yea
Theresa Mah Democrat Yea
Will Guzzardi Democrat Yea
Adam M. Niemerg Republican Yea
Amy Elik Republican Yea
Amy L. Grant Republican Yea
Andrew S. Chesney Republican Yea
Blaine Wilhour Republican Yea
Brad Halbrook Republican Yea
Brad Stephens Republican Yea
Charles Meier Republican Yea
Chris Miller Republican Yea
Christopher "C.D." Davidsmeyer Republican Yea
Dan Swanson Republican Yea
Daniel J. Ugaste Republican Yea
Dave Severin Republican Yea
David Friess Republican Yea
Jackie Haas Republican Yea
Jeff Keicher Republican Yea
Joe C. Sosnowski Republican Yea
Martin McLaughlin Republican Yea
Norine K. Hammond Republican Yea
Patrick Windhorst Republican Yea
Paul Jacobs Republican Yea
Ryan Spain Republican Yea
Seth Lewis Republican Yea
Steven Reick Republican Yea
Tom Weber Republican Yea
Tony M. McCombie Republican Yea

Official roll call →

Third Reading

Passed 55 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Democrat 23003
Unaffiliated 18001
Republican 14000
Total 55004
% of votes cast 93%0%0%7%
How each member voted (59)
Member Party Vote
Gillespie — Yea
Harris — Yea
Bailey — Yea
Barickman — Yea
Bennett — Yea
Johnson — Yea
Stewart — Yea
Bush — Yea
Stoller — Yea
Landek — Yea
Connor — Yea
Crowe — Yea
Cullerton, T. — Yea
Muñoz — Yea
Pacione-Zayas — Not Voting
Glowiak Hilton — Yea
Loughran Cappel — Yea
Simmons, Mike — Yea
Van Pelt — Yea
Bill Cunningham Democrat Yea
Celina Villanueva Democrat Yea
Christopher Belt Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Not Voting
Don Harmon Democrat Yea
Doris Turner Democrat Yea
Elgie R. Sims, Jr. Democrat Yea
Emil Jones, III Democrat Yea
Julie A. Morrison Democrat Yea
Karina Villa Democrat Yea
Kimberly A. Lightford Democrat Not Voting
Lakesia Collins Democrat Yea
Laura Ellman Democrat Not Voting
Laura Fine Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Michael E. Hastings Democrat Yea
Omar Aquino Democrat Yea
Patrick J. Joyce Democrat Yea
Ram Villivalam Democrat Yea
Robert F. Martwick Democrat Yea
Robert Peters Democrat Yea
Sara Feigenholtz Democrat Yea
Steve Stadelman Democrat Yea
Chapin Rose Republican Yea
Craig Wilcox Republican Yea
Dale Fowler Republican Yea
Dan McConchie Republican Yea
Dave Syverson Republican Yea
Donald P. DeWitte Republican Yea
Jason Plummer Republican Yea
Jil Tracy Republican Yea
John F. Curran Republican Yea
Neil Anderson Republican Yea
Sally J. Turner Republican Yea
Steve McClure Republican Yea
Sue Rezin Republican Yea
Terri Bryant Republican Yea

Official roll call →

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 1872 do?
Amends the Business Corporation Act of 1983. Adds an Article to the Act to provide for the ratification and validation of defective corporate actions. Authorizes corporations to correct actions taken without proper documentation or the overissuance of shares. Provides that such actions are not void if ratified as provided. Defines terms. Senate Floor Amendment No. 1 Makes references to "election or designation" of initial directors, "defective corporate action", and "statement of correction" uniform throughout the new Article. Corrects a typographical error. House Committee Amendment No. 1 Replaces everything after the enacting clause. Removes provisions concerning the overissuance of shares.
Who sponsors SB 1872?
SB 1872 is sponsored by Jason A. Barickman and Deanne M. Mazzochi.
What is the current status of SB 1872?
This bill died with 102nd Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 1872?
Track SB 1872 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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