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<xml>
<title>Illinois General Assembly - Bill Status for HB 4273</title>
<shortdesc>CORPORATE OPPORTUNITIES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Daniel Didech</sponsors>
</sponsor>
<committeehearing>Judiciary - Civil Committee Hearing Mar 19 2026  8:00AM Capitol Building 114 and Virtual Room 1 Springfield, IL </committeehearing>
<lastaction>
<statusdate>3/19/2026</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>805 ILCS 5/8.61 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Business Corporation Act of 1983. Provides that, subject to any contrary provision in the articles of incorporation of a corporation, a director, officer, key employee, or other fiduciary of the corporation shall not take advantage of a corporate opportunity unless the person first tenders the opportunity to the corporation and the corporation rejects the opportunity. Provides that, if the rejection is by a disinterested board of directors or by disinterested shareholder action, the director, officer, key employee, or other fiduciary of the corporation may then take advantage of the opportunity. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/5/2026</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Daniel Didech</action>
<statusdate>1/14/2026</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/14/2026</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/11/2026</statusdate><chamber>House</chamber><action>Assigned to Judiciary - Civil Committee</action>
<statusdate>3/19/2026</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Judiciary - Civil Committee;  013-007-000</action>
<statusdate>3/19/2026</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
</actions>
</xml>
