HB 2924 Illinois House · 104th Regular Session

CORPORATION-INCORPORATION DATE

Summary

Amends the Business Corporation Act of 1983. Provides that the articles of incorporation of any corporation (currently, any corporation incorporated after December 31, 1981) may limit or eliminate cumulative voting rights in all or specified circumstances, or may limit or deny voting rights or may provide special voting rights as to any class or classes or series of shares of such corporation.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 5, 2025 Last action Apr 11, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Engrossed · 1 edit

MINOR

The bill text was updated to reflect its current status as an 'Engrossed' version, indicating it has been amended and approved by the House. The substantive policy language regarding corporate voting rights remains unchanged, with no new definitions, funding, or eligibility criteria introduced in this specific diff.

Scope change

No substantive change to the bill's scope or applicability; only status metadata was updated.

TECHNICAL

The bill title and page headers were updated from 'Introduced' to 'Engrossed' to reflect legislative progress, while the core text regarding cumulative voting rights was preserved.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 11, 2025

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Mar 12, 2025

Lower · Passed

Do Pass / Short Debate Judiciary - Civil Committee; 018-000-000

lower

Mar 4, 2025

Committee

Assigned to Judiciary - Civil Committee

lower

Feb 6, 2025

Committee

Referred to Rules Committee

lower

1 primary · 2 co-sponsors