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IllinoisSB1466104th General Assembly (2025–2026)SenateWALLET

CORPORATION-INCORPORATION DATE

Sponsored By: Julie A. Morrison (Democratic)

Became Law

assignmentsjudiciaryjudiciary - civil

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

How shareholders vote in Illinois

Beginning June 23, 1995, each share gets one vote on matters at shareholder meetings. In director elections, you can cumulate your votes. You may give one candidate the number of directors times your shares, or split your votes among candidates. You can vote in person or by proxy. Proxy votes must follow the state’s proxy rules.

Companies can change shareholder voting rights

Beginning June 23, 1995, corporations formed after December 31, 1981 may write limits or special voting rights into their articles. Any corporation, no matter when formed, can amend its articles to limit or remove cumulative voting, or to limit, deny, or grant special voting rights for any class or series. When shares have unequal voting power, majorities are counted by votes, not by the number of shares.

Sponsors & Cosponsors

Sponsor

  • Julie A. Morrison

    Democratic • Senate

Cosponsors

  • Bob Morgan

    Democratic • House

  • John F. Curran

    Republican • Senate

  • Michael E. Hastings

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 187 • No: 0

House vote • 5/21/2025

Third Reading - Short Debate - Passed

Yes: 109 • No: 0

House vote • 4/23/2025

Do Pass / Short Debate Judiciary - Civil Committee;

Yes: 16 • No: 0

Senate vote • 4/3/2025

Third Reading - Passed;

Yes: 53 • No: 0

Senate vote • 3/19/2025

Do Pass Judiciary;

Yes: 9 • No: 0

Actions Timeline

  1. Public Act . . . . . . . . . 104-0104

    8/1/2025Senate

  2. Effective Date January 1, 2026

    8/1/2025Senate

  3. Governor Approved

    8/1/2025Senate

  4. Sent to the Governor

    6/18/2025Senate

  5. Passed Both Houses

    5/21/2025Senate

  6. Third Reading - Short Debate - Passed 109-000-000

    5/21/2025House

  7. Placed on Calendar Order of 3rd Reading - Short Debate

    5/14/2025House

  8. Second Reading - Short Debate

    5/14/2025House

  9. Placed on Calendar 2nd Reading - Short Debate

    4/23/2025House

  10. Do Pass / Short Debate Judiciary - Civil Committee; 016-000-000

    4/23/2025House

  11. Assigned to Judiciary - Civil Committee

    4/17/2025House

  12. Referred to Rules Committee

    4/7/2025House

  13. First Reading

    4/7/2025House

  14. Chief House Sponsor Rep. Bob Morgan

    4/4/2025House

  15. Arrived in House

    4/4/2025House

  16. Third Reading - Passed; 053-000-000

    4/3/2025Senate

  17. Placed on Calendar Order of 3rd Reading April 1, 2025

    3/20/2025Senate

  18. Second Reading

    3/20/2025Senate

  19. Placed on Calendar Order of 2nd Reading March 20, 2025

    3/19/2025Senate

  20. Do Pass Judiciary; 009-000-000

    3/19/2025Senate

  21. Assigned to Judiciary

    2/11/2025Senate

  22. Added as Chief Co-Sponsor Sen. Michael E. Hastings

    2/7/2025Senate

  23. Added as Co-Sponsor Sen. John F. Curran

    2/5/2025Senate

  24. Referred to Assignments

    1/31/2025Senate

  25. First Reading

    1/31/2025Senate

Bill Text

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