House Sponsors: PERSICO-HASSERT. Short description: BANK DIRECTOR LIABILITY Synopsis of Bill as introduced: Amends the Illinois Banking Act. Provides that bank directors who in good faith rely upon advice, information, or opinions of bank officers, professional advisors, or other bank committees have no liability based upon alleged failure to perform their obligations as directors. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status