Amends the Business Corporation Act of 1983. Makes a technical change in a Section concerning the short title.
Senate Floor Amendment No. 1: Replaces everything after the enacting clause. Amends the Physical Fitness Services Act. Provides that a physical fitness center that offers a lifetime membership contract shall honor the terms of the lifetime membership contract, including all costs charged to the customer, for the duration of the life of the customer. Provides that a physical fitness center shall not increase any costs or fees or diminish any benefits provided for in the lifetime membership contract unless: (i) the physical fitness center is sold to a person or entity that is not affiliated with or controlled by the original person or entity who operated the physical fitness center that entered into the lifetime membership contract with the customer; or (ii) the customer voluntarily agrees in writing to change the terms of the lifetime membership contract. Provides for disclosure requirements.
Senate Floor Amendment No. 2: Replaces everything after the enacting clause. Amends the Physical Fitness Services Act. Provides that a physical fitness center that offers a lifetime membership that includes provisions in the membership contract that allow for increases in costs or fees or reductions in benefits shall disclose those provisions clearly and conspicuously. Provides that, if a physical fitness center that fails to clearly and conspicuously these provisions, then the physical fitness center must honor the original terms of the membership for the duration of the life of the customer. Provides that a physical fitness center shall provide a copy of the lifetime membership contract to the customer upon the request of the customer.
House Floor Amendment No. 1: Replaces everything after the enacting clause. Amends the Physical Fitness Services Act. Provides that a physical fitness center shall not offer or advertise a lifetime membership that violates other provisions of the Act. Provides that a physical fitness center shall clearly and conspicuously disclose any change in the customer's total payment obligations or reduction in benefits no later than 60 days before the automatic renewal of a contract. Provides that a physical fitness center shall provide a copy of a contract for services to the customer upon the request of the customer.

Statutes affected:
Introduced: 805 ILCS 5/1
Engrossed: 815 ILCS 645/7
Enrolled: 815 ILCS 645/7