2025-2026 Regular SessionIllinois Legislature

SB1466: CORPORATION-INCORPORATION DATE

Legislative Summary

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.

Demographic Impact

Overall analysis of equity impact

Neutral
Low Confidence

Unlock Full Demographic Insights

Go beyond the overall score.

Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.

Enable full analysis features for your organization.

Contact Sales to Learn More

Or email us directly at sales@legiequity.us.

Bill History

1/31/2025
Filed with Secretary by Sen. Julie A. Morrison
Senate
1/31/2025
First Reading
Senate
1/31/2025
Referred to Assignments
Senate
2/5/2025
Added as Co-Sponsor Sen. John F. Curran
Senate
2/7/2025
Added as Chief Co-Sponsor Sen. Michael E. Hastings
Senate
2/11/2025
Assigned to Judiciary
Senate
3/19/2025
Do Pass Judiciary; 009-000-000
Senate
3/19/2025
Placed on Calendar Order of 2nd Reading March 20, 2025
Senate
3/20/2025
Second Reading
Senate
3/20/2025
Placed on Calendar Order of 3rd Reading April 1, 2025
Senate
4/3/2025
Third Reading - Passed; 053-000-000
Senate
4/4/2025
Arrived in House
House of Representatives
4/4/2025
Chief House Sponsor Rep. Bob Morgan
House of Representatives
4/7/2025
First Reading
House of Representatives
4/7/2025
Referred to Rules Committee
House of Representatives
4/17/2025
Assigned to Judiciary - Civil Committee
House of Representatives
4/23/2025
Do Pass / Short Debate Judiciary - Civil Committee; 016-000-000
House of Representatives
4/23/2025
Placed on Calendar 2nd Reading - Short Debate
House of Representatives

Roll Call Votes

Third Reading in Senate
4/3/2025
53
Yea
0
Nay
6
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Engrossed(4/3/2025)
Chamber
House of Representatives

Sponsors

Documents

Engrossed
Bill Text4/3/20256.9 KB
Introduced
Bill Text1/31/20258.8 KB