John M. Sullivan
- Democratic
Primary
Amends the Illinois Banking Act. Provides that, for the purpose of declaring dividends pursuant to specified provisions, upon prior written approval of the Secretary of Financial and Professional Regulation, and without undergoing a quasi-reorganization, a State bank may restate its capital accounts to remove a deficit in its undivided profit account by eliminating such deficit into its surplus account so that the undivided profit account is restated to zero. Provides that nothing in provisions concerning general corporate powers shall be construed to require the filing of a notice or application for approval with the United States Office of the Comptroller of the Currency or a bank supervisor of another state as a condition to the right of a State bank to exercise any of the powers conferred in this State. Provides that the Secretary shall adopt rules under specified provisions. Effective immediately.
Effective Date August 13, 2015
Governor Approved
Public Act . . . . . . . . . 99-0362
Sent to the Governor
Added Alternate Co-Sponsor Rep. Brandon W. Phelps
Added Alternate Co-Sponsor Rep. Patrick J. Verschoore
Third Reading - Short Debate - Passed 113-001-001
Passed Both Houses
Added Alternate Co-Sponsor Rep. Lawrence Walsh, Jr.
Added Alternate Co-Sponsor Rep. Daniel V. Beiser
Final Action Deadline Extended-9(b) May 31, 2015
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Financial Institutions Committee; 020-000-000
Added Alternate Co-Sponsor Rep. Peter Breen
Committee Deadline Extended-Rule 9(b) May 15, 2015
Assigned to Financial Institutions Committee
Added Alternate Chief Co-Sponsor Rep. Ron Sandack
Added Alternate Chief Co-Sponsor Rep. Frank J. Mautino
Added Alternate Chief Co-Sponsor Rep. Kenneth Dunkin
Added Alternate Co-Sponsor Rep. Arthur Turner
Added Alternate Chief Co-Sponsor Rep. Rita Mayfield
Referred to Rules Committee
First Reading
Chief House Sponsor Rep. Lou Lang
Arrived in House
Third Reading - Passed; 055-000-000
Placed on Calendar Order of 3rd Reading April 16, 2015
Second Reading
Placed on Calendar Order of 2nd Reading March 26, 2015
Do Pass as Amended Financial Institutions; 011-000-000
Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
Added as Co-Sponsor Sen. Pamela J. Althoff
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Filed with Secretary by Sen. John M. Sullivan
Assigned to Financial Institutions
Referred to Assignments
Filed with Secretary by Sen. John M. Sullivan
First Reading
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| Senate Amendment 001 |
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