The Illinois General Assembly House and Senate passed SB 1098, which contained two sets of provisions originally drafted by the Institute for Illinois Business Law. The first set allows reinstatement within three years after entity dissolution without personal liability for intervening acts by officers and directors continuing the business of the dissolved entity. The second amends Section 12.80 of the Illinois Business Corporation Act to make it clear that corporation dissolution does not not take away or impair any civil remedy available to or against such corporation, its directors, or shareholders, for any right or claim existing, or any liability accrued or incurred, either prior to, at the time of, or after such dissolution. This corrects an Illinois Supreme Court holding in Pielet v. Pielet, 2012 IL 112064, which denied the widow of a family business recourse for missed earn-out payments against buyers who defunded the business they bought and allowed it to dissolve, continuing the business with different entities. See my Illinois State Bar Association Journal article from June 1,2013 for details, http://www.isba.org/ibj/2013/06/limitingclaimsagainstdissolvedcorpo For the enrolled and engrossed text of the bill as passed, see http://www.ilga.gov/legislation/fulltext.asp?DocName=09800SB1098enr&GA=98&SessionId=85&DocTypeId=SB&LegID=&DocNum=1098&GAID=12&Session=