---
type: "Bill"
title: "CORP FIDUCIARY-DIRECTORS"
description: "CORP FIDUCIARY-DIRECTORS"
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "92nd"
identifier: "SB 48"
citation: "Illinois SB 48 (92nd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 1
action_count: 44
vote_count: 0
first_action: "2001-01-31T00:00:00-06:00"
last_action: "2001-08-23T00:00:00-05:00"
source: "openstates"
source_identifier: "ocd-bill/a38a9c2d-db45-4152-8783-403b9df623b9"
source_url: "http://www.ilga.gov/legislation/legisnet92/92gatoc.html"
source_hash: "91f7a91f231bffc2df189c8b0862a728cb4a59496d5da23946b69f91a0c51063"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois SB 48 (92nd) — CORP FIDUCIARY-DIRECTORS

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **SB0048** (committee substitute) — [source](http://www.ilga.gov/legislation/legisnet92/sbgroups/sb/920SB0048LV.html)

## Sponsors

- GEO-KARIS — cosponsor (person)
- HAMOS — cosponsor (person)
- MAHAR — cosponsor (person)
- O'MALLEY — cosponsor (person)
- PARKER — cosponsor (person)
- SCHOENBERG — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2001-01-31T00:00:00-06:00** FIRST READING `reading-1`
- **2001-01-31T00:00:00-06:00** REFERRED TO SENATE RULES COMMITTEE RULES `referral-committee`
- **2001-02-01T00:00:00-06:00** ASSIGNED TO COMMITTEE FIN INST `referral-committee`
- **2001-03-01T00:00:00-06:00** POSTPONED
- **2001-03-08T00:00:00-06:00** ADDED AS A CHIEF CO-SPONSOR MAHAR
- **2001-03-08T00:00:00-06:00** ADDED AS A CHIEF CO-SPONSOR O'MALLEY
- **2001-03-08T00:00:00-06:00** AMENDMENT NO. 01-FINANC. INST. S
- **2001-03-08T00:00:00-06:00** ADOPTED `passage`
- **2001-03-08T00:00:00-06:00** DO PASS AS AMENDED 007-000-000 SFIC
- **2001-03-08T00:00:00-06:00** PLACED ON CALENDAR ORDER OF 2ND READING 01-03-20
- **2001-03-08T00:00:00-06:00** ADDED AS A CHIEF CO-SPONSOR GEO-KARIS
- **2001-03-20T00:00:00-06:00** SECOND READING `reading-2`
- **2001-03-20T00:00:00-06:00** PLACED ON CALENDAR ORDER OF 3RD READING 01-03-21
- **2001-04-05T00:00:00-05:00** THIRD READING - PASSED 056-000-000 `reading-3`
- **2001-04-05T00:00:00-05:00** ARRIVE IN HOUSE
- **2001-04-05T00:00:00-05:00** HOUSE SPONSOR MADIGAN,MJ
- **2001-04-05T00:00:00-05:00** FIRST READING `reading-1`
- **2001-04-05T00:00:00-05:00** REFERRED TO HOUSE RULES COMMITTEE RULES `referral-committee`
- **2001-04-06T00:00:00-05:00** ASSIGNED TO COMMITTEE JUD-CIVIL LAW `referral-committee`
- **2001-04-18T00:00:00-05:00** ADDED AS A JOINT SPONSOR HAMOS
- **2001-05-01T00:00:00-05:00** ALTERNATE PRIMARY SPONSOR CHANGED TO HAMOS
- **2001-05-03T00:00:00-05:00** AMENDMENT NO. 01-JUD-CIVIL LAW H
- **2001-05-03T00:00:00-05:00** ADOPTED `passage`
- **2001-05-03T00:00:00-05:00** DO PASS AMENDED/SHORT DEBATE 012-000-000 HJUA
- **2001-05-03T00:00:00-05:00** PLACED CALENDAR 2ND READING-SHORT DEBATE
- **2001-05-08T00:00:00-05:00** SECOND READING-SHORT DEBATE `reading-2`
- **2001-05-08T00:00:00-05:00** PLCD CAL ORDER 3RD READING-SHORT DEBATE
- **2001-05-09T00:00:00-05:00** THIRD READING/SHORT DEBATE/PASSED 114-000-000 `reading-3`
- **2001-05-09T00:00:00-05:00** ADDED AS A JOINT SPONSOR SCHOENBERG
- **2001-05-10T00:00:00-05:00** SECRETARYS DESK - CONCURRENCE 01
- **2001-05-25T00:00:00-05:00** FILED WITH SECRETARY `introduction`
- **2001-05-25T00:00:00-05:00** MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PARKER
- **2001-05-25T00:00:00-05:00** MOTION REFERRED TO SRUL
- **2001-05-25T00:00:00-05:00** MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PARKER
- **2001-05-25T00:00:00-05:00** RULES REFERS TO SFIC
- **2001-05-30T00:00:00-05:00** MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PARKER
- **2001-05-30T00:00:00-05:00** BE APPROVED FOR CONSIDERATION SFIC/007-000-000
- **2001-05-30T00:00:00-05:00** MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PARKER
- **2001-05-30T00:00:00-05:00** SEN CONCURS IN HSE AMENDMENTS (NO.) 01/057-000-000
- **2001-05-30T00:00:00-05:00** PASSED BOTH HOUSES
- **2001-06-28T00:00:00-05:00** SENT TO THE GOVERNOR `executive-receipt`
- **2001-08-23T00:00:00-05:00** GOVERNOR APPROVED `executive-signature`
- **2001-08-23T00:00:00-05:00** EFFECTIVE DATE 01-08-23
- **2001-08-23T00:00:00-05:00** PUBLIC ACT.............................. 92-0485

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a38a9c2d-db45-4152-8783-403b9df623b9`. Confidence: reported (aggregated from official Illinois legislature records).