<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 3243         </title>
<shortdesc>INS CD-DOMESTIC STOCK COMPANY</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. John G. Mulroe</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>215 ILCS 5/Art. IIB heading new</reference><aliasreference></aliasreference><reference>215 ILCS 5/35B-1 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/35B-5 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/35B-10 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/35B-15 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/35B-20 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/35B-25 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/35B-30 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/35B-35 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/35B-40 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/35B-45 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/35B-50 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/156</reference><aliasreference>from Ch. 73, par. 768</aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>2/16/2018</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. John G. Mulroe</action>
<statusdate>2/16/2018</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/16/2018</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/27/2018</statusdate><chamber>Senate</chamber><action>Assigned to Insurance</action>
<statusdate>4/13/2018</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 27, 2018</action>
<statusdate>4/27/2018</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

