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republic-os/legislation/us/states/il/98th/sb-3438.md
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Fabio 5941153bb7 Legislation: batch B — IL IN KS KY LA MA MD ME MI MN 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:27:20 -04:00

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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill CO-OPERATIVE ACT SHARE LIMIT Amends 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. us/states/il Illinois General Assembly 98th SB 3438 Illinois SB 3438 (98th)
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3 44 3 2014-02-14 2014-08-26 openstates ocd-bill/6608533d-48ac-4e89-9162-799dd3d44ae0 http://ilga.gov/legislation/BillStatus.asp?DocNum=3438&GAID=12&DocTypeID=SB&LegId=80790&SessionID=85&GA=98 8f04f77b921c9ca7b814fc633e8c83b2fd00c41b6a795debb6daa5755b938a58 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
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us-il

Illinois SB 3438 (98th) — CO-OPERATIVE ACT SHARE LIMIT

Amends 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.

Version chain

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

  1. Introduced (filed) — source
  2. Engrossed (committee substitute) — source
  3. Enrolled (enrolled) — source

Votes

  • Third Reading — 55–0 (pass) · upper
  • Concurrence — 57–0 (pass) · upper
  • Third Reading — 112–0 (pass) · lower

Sponsors

  • Don Harmon — primary (person)

Timeline

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

  • 2014-02-14 Filed with Secretary by Sen. Don Harmon filing
  • 2014-02-14 First Reading reading-1
  • 2014-02-14 Referred to Assignments referral-committee
  • 2014-03-05 Assigned to Judiciary referral-committee
  • 2014-03-20 Do Pass Judiciary; 009-000-000 committee-passage
  • 2014-03-20 Placed on Calendar Order of 2nd Reading March 21, 2014
  • 2014-03-26 Added as Co-Sponsor Sen. Michael W. Frerichs
  • 2014-03-27 Second Reading reading-2
  • 2014-03-27 Placed on Calendar Order of 3rd Reading April 1, 2014
  • 2014-04-01 Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon amendment-introduction
  • 2014-04-01 Senate Floor Amendment No. 1 Referred to Assignments referral-committee
  • 2014-04-02 Added as Chief Co-Sponsor Sen. David Koehler
  • 2014-04-02 Third Reading - Passed; 055-000-000 reading-3, passage
  • 2014-04-02 Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) amendment-failure
  • 2014-04-03 Arrived in House introduction
  • 2014-04-03 Chief House Sponsor Rep. Barbara Wheeler
  • 2014-04-03 First Reading reading-1
  • 2014-04-03 Referred to Rules Committee referral-committee
  • 2014-04-08 Added Alternate Chief Co-Sponsor Rep. Naomi D. Jakobsson
  • 2014-04-23 Assigned to Judiciary referral-committee
  • 2014-04-29 House Committee Amendment No. 1 Filed with Clerk by Rep. Barbara Wheeler amendment-introduction
  • 2014-04-29 House Committee Amendment No. 1 Referred to Rules Committee referral-committee
  • 2014-05-05 House Committee Amendment No. 1 Rules Refers to Judiciary
  • 2014-05-06 Added Alternate Chief Co-Sponsor Rep. Michael W. Tryon
  • 2014-05-07 House Committee Amendment No. 1 Adopted in Judiciary; by Voice Vote amendment-passage
  • 2014-05-07 Do Pass as Amended / Short Debate Judiciary; 015-000-000 committee-passage
  • 2014-05-07 Placed on Calendar 2nd Reading - Short Debate
  • 2014-05-13 Second Reading - Short Debate reading-2
  • 2014-05-13 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2014-05-22 Added Alternate Chief Co-Sponsor Rep. Kelly M. Cassidy
  • 2014-05-22 Added Alternate Chief Co-Sponsor Rep. Ron Sandack
  • 2014-05-23 Third Reading - Short Debate - Passed 112-000-000 reading-3, passage
  • 2014-05-23 Secretary's Desk - Concurrence House Amendment(s) 1
  • 2014-05-23 Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 26, 2014
  • 2014-05-27 House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon filing
  • 2014-05-27 House Committee Amendment No. 1 Motion to Concur Referred to Assignments referral-committee
  • 2014-05-27 House Committee Amendment No. 1 Motion to Concur Assignments Referred to Judiciary referral-committee
  • 2014-05-28 House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary; 010-000-000
  • 2014-05-30 House Committee Amendment No. 1 Senate Concurs 057-000-000
  • 2014-05-30 Passed Both Houses
  • 2014-06-27 Sent to the Governor executive-receipt
  • 2014-08-26 Governor Approved executive-signature
  • 2014-08-26 Effective Date August 26, 2014
  • 2014-08-26 Public Act . . . . . . . . . 98-1122 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/6608533d-48ac-4e89-9162-799dd3d44ae0. Confidence: reported (aggregated from official Illinois legislature records).

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