---
type: "Bill"
title: "IL BANKING-BOARD VACANCIES"
description: "Amends the Illinois Banking Act. Provides that, unless prohibited by (now, if authorized by) the bank's by-laws, the directors of a State bank may properly fill a vacancy arising between shareholders' meetings by appointment. Provides that any director appointed to fill a vacancy arising between shareholders' meetings shall serve until the next meeting of shareholders at which directors are elected."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "94th"
identifier: "SB 385"
citation: "Illinois SB 385 (94th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 61
vote_count: 4
first_action: "2005-02-15"
last_action: "2006-05-08"
source: "openstates"
source_identifier: "ocd-bill/16d8d3fe-5cbe-4ac8-a4da-e44b4d0a71fb"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=385&GAID=8&DocTypeID=SB&LegId=16327&SessionID=50&GA=94"
source_hash: "07e2134a890eda0f71238735d76a20a67131f6a4a41b9a9f0e3ad2aa7b730932"
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 385 (94th) — IL BANKING-BOARD VACANCIES

Amends the Illinois Banking Act. Provides that, unless prohibited by (now, if authorized by) the bank's by-laws, the directors of a State bank may properly fill a vacancy arising between shareholders' meetings by appointment. Provides that any director appointed to fill a vacancy arising between shareholders' meetings shall serve until the next meeting of shareholders at which directors are elected.

## Version chain

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

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0385&GA=94&SessionId=50&DocTypeId=SB&LegID=16327&DocNum=385&GAID=8&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0385eng&GA=94&SessionId=50&DocTypeId=SB&LegID=16327&DocNum=385&GAID=8&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0385enr&GA=94&SessionId=50&DocTypeId=SB&LegID=16327&DocNum=385&GAID=8&Session=&print=true)

## Votes

- Concurrence, Amendment 2 — **57–0** (pass) · upper
- Third Reading — **114–0** (pass) · lower
- Third Reading — **55–0** (pass) · upper
- Concurrence, Amendment 1 — **57–0** (pass) · upper

## Sponsors

- Terry Link — primary (person)

## Timeline

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

- **2005-02-15** Filed with Secretary by Sen. Terry Link `filing`
- **2005-02-15** First Reading `reading-1`
- **2005-02-15** Referred to Rules `referral-committee`
- **2005-02-17** Assigned to Financial Institutions `referral-committee`
- **2005-02-24** Do Pass Financial Institutions; 006-000-000 `committee-passage`
- **2005-02-24** Placed on Calendar Order of 2nd Reading March 1, 2005
- **2005-02-24** Added as Chief Co-Sponsor Sen. Arthur J. Wilhelmi
- **2005-03-01** Second Reading `reading-2`
- **2005-03-01** Placed on Calendar Order of 3rd Reading March 2, 2005
- **2005-04-14** Added as Chief Co-Sponsor Sen. Dan Rutherford
- **2005-04-14** Third Reading - Passed; 055-000-000 `reading-3, passage`
- **2005-04-14** Arrived in House `introduction`
- **2005-04-14** Placed on Calendar Order of First Reading `reading-1`
- **2005-04-28** Chief House Sponsor Rep. Joseph M. Lyons
- **2005-04-28** First Reading `reading-1`
- **2005-04-28** Referred to Rules Committee `referral-committee`
- **2005-05-03** Assigned to Financial Institutions Committee `referral-committee`
- **2005-05-05** Added Alternate Chief Co-Sponsor Rep. Kurt M. Granberg
- **2005-05-10** Do Pass / Short Debate Financial Institutions Committee; 021-000-000 `committee-passage`
- **2005-05-11** Placed on Calendar 2nd Reading - Short Debate
- **2005-05-20** Final Action Deadline Extended-9(b) May 31, 2005
- **2005-05-26** Second Reading - Short Debate `reading-2`
- **2005-05-26** Held on Calendar Order of Second Reading - Short Debate `reading-2`
- **2005-05-31** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
- **2006-03-24** Final Action Deadline Extended-9(b) April 7, 2006
- **2006-03-24** Approved for Consideration Rules Committee; 003-001-000
- **2006-03-24** Placed on Calendar 2nd Reading - Short Debate
- **2006-03-24** House Floor Amendment No. 1 Filed with Clerk by Rep. Robert S. Molaro `amendment-introduction`
- **2006-03-24** House Floor Amendment No. 1 Referred to Rules Committee `referral-committee`
- **2006-03-24** House Floor Amendment No. 2 Filed with Clerk by Rep. Robert S. Molaro `amendment-introduction`
- **2006-03-24** House Floor Amendment No. 2 Referred to Rules Committee `referral-committee`
- **2006-03-24** Alternate Chief Sponsor Changed to Rep. Robert S. Molaro
- **2006-03-24** Added Alternate Chief Co-Sponsor Rep. Joseph M. Lyons
- **2006-03-28** House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 005-000-000 `committee-passage-favorable`
- **2006-03-28** House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000 `committee-passage-favorable`
- **2006-03-28** House Floor Amendment No. 3 Filed with Clerk by Rep. Robert S. Molaro `amendment-introduction`
- **2006-03-28** House Floor Amendment No. 3 Referred to Rules Committee `referral-committee`
- **2006-03-28** Second Reading - Short Debate `reading-2`
- **2006-03-28** House Floor Amendment No. 1 Adopted by Voice Vote `amendment-passage`
- **2006-03-28** House Floor Amendment No. 2 Adopted by Voice Vote `amendment-passage`
- **2006-03-28** Placed on Calendar Order of 3rd Reading - Short Debate
- **2006-03-29** Third Reading - Short Debate - Passed 114-000-000 `reading-3, passage`
- **2006-03-29** House Floor Amendment No. 3 Tabled Pursuant to Rule 40(a) `amendment-failure`
- **2006-03-30** Secretary's Desk - Concurrence House Amendment(s) 01,02
- **2006-03-30** Placed on Calendar Order of Concurrence House Amendment(s) 01,02-April 4, 2006
- **2006-03-30** House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Terry Link `filing`
- **2006-03-30** House Floor Amendment No. 1 Motion to Concur Referred to Rules `referral-committee`
- **2006-03-30** House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Terry Link `filing`
- **2006-03-30** House Floor Amendment No. 2 Motion to Concur Referred to Rules `referral-committee`
- **2006-04-05** House Floor Amendment No. 1 Motion to Concur Rules Referred to Financial Institutions `referral-committee`
- **2006-04-05** House Floor Amendment No. 2 Motion to Concur Rules Referred to Financial Institutions `referral-committee`
- **2006-04-05** House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Financial Institutions; 008-000-000
- **2006-04-05** House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Financial Institutions; 008-000-000
- **2006-04-06** Added as Chief Co-Sponsor Sen. John O. Jones
- **2006-04-06** House Floor Amendment No. 1 Senate Concurs 057-000-000
- **2006-04-06** House Floor Amendment No. 2 Senate Concurs 057-000-000
- **2006-04-06** Passed Both Houses
- **2006-05-05** Sent to the Governor `executive-receipt`
- **2006-05-08** Governor Approved `executive-signature`
- **2006-05-08** Effective Date May 8, 2006
- **2006-05-08** Public Act . . . . . . . . . 94-0742 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/16d8d3fe-5cbe-4ac8-a4da-e44b4d0a71fb`. Confidence: reported (aggregated from official Illinois legislature records).