CO-OPERATIVE ACT SHARE LIMIT Senate SponsorsSen. Don Harmon and Michael W. Frerichs-David Koehler House Sponsors(Rep. Barbara Wheeler-Naomi D. Jakobsson-Michael W. Tryon-Kelly M. Cassidy-Ron Sandack) 8/26/2014SenatePublic Act . . . . . . . . . 98-1122 805 ILCS 310/2from Ch. 32, par. 306Amends the Co-operative Act. Increases from 5 to 10 the number of shares for which a person may subscribe or control. Increases from $100 to $1,000 the maximum subscription price per share. Increase from $500 to $10,000 the maximum value of stock issued to any one shareholder. Effective immediately.House Committee Amendment No. 1 Adds reference to:805 ILCS 310/9from Ch. 32, par. 313Amends the Co-operative Act. Makes changes in ownership limits to conform with subscription limit increase. 2/14/2014SenateFiled with Secretary by Sen. Don Harmon 2/14/2014SenateFirst Reading 2/14/2014SenateReferred to Assignments 3/5/2014SenateAssigned to Judiciary 3/20/2014SenateDo Pass Judiciary; 009-000-000 3/20/2014SenatePlaced on Calendar Order of 2nd Reading March 21, 2014 3/26/2014SenateAdded as Co-Sponsor Sen. Michael W. Frerichs 3/27/2014SenateSecond Reading 3/27/2014SenatePlaced on Calendar Order of 3rd Reading April 1, 2014 4/1/2014SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon 4/1/2014SenateSenate Floor Amendment No. 1 Referred to Assignments 4/2/2014SenateAdded as Chief Co-Sponsor Sen. David Koehler 4/2/2014SenateThird Reading - Passed; 055-000-000 4/2/2014SenateSenate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) 4/3/2014HouseArrived in House 4/3/2014HouseChief House Sponsor Rep. Barbara Wheeler 4/3/2014HouseFirst Reading 4/3/2014HouseReferred to Rules Committee 4/8/2014HouseAdded Alternate Chief Co-Sponsor Rep. Naomi D. Jakobsson 4/23/2014HouseAssigned to Judiciary 4/29/2014HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Barbara Wheeler 4/29/2014HouseHouse Committee Amendment No. 1 Referred to Rules Committee 5/5/2014HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary 5/6/2014HouseAdded Alternate Chief Co-Sponsor Rep. Michael W. Tryon 5/7/2014HouseHouse Committee Amendment No. 1 Adopted in Judiciary; by Voice Vote 5/7/2014HouseDo Pass as Amended / Short Debate Judiciary; 015-000-000 5/7/2014HousePlaced on Calendar 2nd Reading - Short Debate 5/13/2014HouseSecond Reading - Short Debate 5/13/2014HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/22/2014HouseAdded Alternate Chief Co-Sponsor Rep. Kelly M. Cassidy 5/22/2014HouseAdded Alternate Chief Co-Sponsor Rep. Ron Sandack 5/23/2014HouseThird Reading - Short Debate - Passed 112-000-000 5/23/2014SenateSecretary's Desk - Concurrence House Amendment(s) 1 5/23/2014SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 26, 2014 5/27/2014SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon 5/27/2014SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments 5/27/2014SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Judiciary 5/28/2014SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary; 010-000-000 5/30/2014SenateHouse Committee Amendment No. 1 Senate Concurs 057-000-000 5/30/2014SenatePassed Both Houses 6/27/2014SenateSent to the Governor 8/26/2014SenateGovernor Approved 8/26/2014SenateEffective Date August 26, 2014 8/26/2014SenatePublic Act . . . . . . . . . 98-1122