2025-2026 Regular SessionIllinois Legislature

HB2924: 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

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Bill History

2/5/2025
Filed with the Clerk by Rep. Bob Morgan
House of Representatives
2/6/2025
First Reading
House of Representatives
2/6/2025
Referred to Rules Committee
House of Representatives
2/11/2025
Added Chief Co-Sponsor Rep. Jennifer Gong-Gershowitz
House of Representatives
3/4/2025
Assigned to Judiciary - Civil Committee
House of Representatives
3/12/2025
Added Chief Co-Sponsor Rep. Curtis J. Tarver, II
House of Representatives
3/12/2025
Do Pass / Short Debate Judiciary - Civil Committee; 018-000-000
House of Representatives
3/12/2025
Placed on Calendar 2nd Reading - Short Debate
House of Representatives
3/19/2025
Second Reading - Short Debate
House of Representatives
3/19/2025
Placed on Calendar Order of 3rd Reading - Short Debate
House of Representatives
4/11/2025
Rule 19(a) / Re-referred to Rules Committee
House of Representatives

Status Information

Current Status
Introduced(2/5/2025)
Chamber
House of Representatives
Committee
Rules(House of Representatives)

Sponsors

Documents

Engrossed
Bill Text3/19/20256.9 KB
Introduced
Bill Text2/5/20258.7 KB