<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 3131   </title>
<shortdesc>BUSINESS OPP SALES-DISCLOSURES</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Don Harmon</sponsors>
</sponsor>
<lastaction>
<statusdate>1/12/2011</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>815 ILCS 602/5-35</reference><aliasreference></aliasreference><SynopsisText>Amends the Business Opportunity Sales Law of 1995. Provides that a required disclosure document must state that a purchaser is to be provided 14 (instead of 10) business days to review the document before signing a contract or agreement or making any payment. Effective immediately.</SynopsisText><synopsistitle>Senate Committee Amendment No. 1</synopsistitle>
<SynopsisText>Provides that a required disclosure document must state that a purchaser is to be provided 14 days (instead of 14 business days) to review the document before signing a contract or agreement or making any payment.</SynopsisText></synopsis>
<actions>
<statusdate>2/8/2010</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Don Harmon</action>
<statusdate>2/8/2010</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/8/2010</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/16/2010</statusdate><chamber>Senate</chamber><action>Assigned to Judiciary</action>
<statusdate>2/23/2010</statusdate><chamber>Senate</chamber><action>Postponed - Judiciary</action>
<statusdate>2/24/2010</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon</action>
<statusdate>2/24/2010</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Referred to Assignments</action>
<statusdate>3/2/2010</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Assignments Refers to Judiciary</action>
<statusdate>3/2/2010</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Adopted</action>
<statusdate>3/3/2010</statusdate><chamber>Senate</chamber><action>Do Pass as Amended Judiciary;  009-000-000</action>
<statusdate>3/3/2010</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 4, 2010</action>
<statusdate>3/11/2010</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/11/2010</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 12, 2010</action>
<statusdate>6/27/2010</statusdate><chamber>Senate</chamber><action>Pursuant to Senate Rule 3-9(b) / Referred to Assignments</action>
<statusdate>1/12/2011</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

