IL SB1495 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on August 23 2019 - 100% progression
Action: 2019-08-23 - Public Act . . . . . . . . . 101-0553
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the Limited Liability Company Act. Provides that if a company fails to permit the inspection of records as required under the Act, a person making a request or demand may file an action to compel the company to permit the inspection and copying and obtain other legal or equitable relief, including (if the court finds that the company acted unreasonably) costs and attorney's fees. Provides that specified provisions do not limit the personal liability of a member or manager imposed under a law other than the Act, including agency, contract, and tort law. Makes various changes concerning: definitions; admission of members; statements of authority; operating agreements; actions by members; transfer of interests; and dissociation of members.

Tracking Information

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Title

LLC-INSPECTION OF RECORDS

Sponsors


Roll Calls

2019-05-31 - Senate - Concurrence in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
2019-05-22 - House - Third Reading in House (Y: 77 N: 40 NV: 1 Abs: 0) [PASS]
2019-04-10 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]

History

DateChamberAction
2019-08-23SenatePublic Act . . . . . . . . . 101-0553
2019-08-23SenateEffective Date January 1, 2020
2019-08-23SenateGovernor Approved
2019-06-28SenateSent to the Governor
2019-05-31SenatePassed Both Houses
2019-05-31SenateSenate Concurs
2019-05-31SenateHouse Committee Amendment No. 1 Senate Concurs 058-000-000
2019-05-28SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary; 006-000-000
2019-05-28SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Judiciary
2019-05-22SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
2019-05-22SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. John G. Mulroe
2019-05-22SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 23, 2019
2019-05-22SenateSecretary's Desk - Concurrence House Amendment(s) 1
2019-05-22HouseThird Reading - Short Debate - Passed 077-040-001
2019-05-16HousePlaced on Calendar Order of 3rd Reading - Short Debate
2019-05-16HouseSecond Reading - Short Debate
2019-05-09HousePlaced on Calendar 2nd Reading - Short Debate
2019-05-09HouseDo Pass as Amended / Short Debate Judiciary - Civil Committee; 009-005-000
2019-05-09HouseHouse Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
2019-05-08HouseReported Back To Judiciary - Civil Committee; 005-002-000
2019-05-07HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
2019-05-02HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2019-05-02HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Daniel Didech
2019-05-01HouseTo Commercial Law Subcommittee
2019-04-30HouseAssigned to Judiciary - Civil Committee
2019-04-12HouseReferred to Rules Committee
2019-04-12HouseFirst Reading
2019-04-12HouseChief House Sponsor Rep. Daniel Didech
2019-04-11HouseArrived in House
2019-04-10SenateThird Reading - Passed; 055-000-000
2019-04-10SenatePlaced on Calendar Order of 3rd Reading
2019-04-10SenateSenate Floor Amendment No. 1 Adopted; Mulroe
2019-04-10SenateRecalled to Second Reading
2019-04-09SenateSenate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 008-000-000
2019-04-09SenateSenate Floor Amendment No. 1 Assignments Refers to Judiciary
2019-04-04SenateSenate Floor Amendment No. 1 Referred to Assignments
2019-04-04SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe
2019-03-13SenatePlaced on Calendar Order of 3rd Reading March 14, 2019
2019-03-13SenateSecond Reading
2019-03-12SenatePlaced on Calendar Order of 2nd Reading March 13, 2019
2019-03-12SenateDo Pass Judiciary; 008-000-000
2019-03-05SenatePostponed - Judiciary
2019-02-27SenateAssigned to Judiciary
2019-02-13SenateReferred to Assignments
2019-02-13SenateFirst Reading
2019-02-13SenateFiled with Secretary by Sen. John G. Mulroe

Code Citations

ChapterArticleSectionCitation TypeStatute Text
8051801-40Amended CodeCitation Text
8051801-5Amended CodeCitation Text
80518010-1Amended CodeCitation Text
80518010-10Amended CodeCitation Text
80518010-15Amended CodeCitation Text
80518013-15Amended CodeCitation Text
80518015-20Amended CodeCitation Text
80518015-5Amended CodeCitation Text
80518030-1Amended CodeCitation Text
80518035-1Amended CodeCitation Text
80518035-45Amended CodeCitation Text

Illinois State Sources

TypeSource
Summaryhttps://www.ilga.gov/legislation/BillStatus.asp?DocNum=1495&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Texthttps://www.ilga.gov/legislation/101/SB/10100SB1495.htm
Texthttps://www.ilga.gov/legislation/101/SB/10100SB1495eng.htm
Texthttps://www.ilga.gov/legislation/101/SB/10100SB1495enr.htm
Texthttps://www.ilga.gov/legislation/publicacts/101/101-0553.htm
Amendmenthttps://www.ilga.gov/legislation/101/SB/10100SB1495sam001.htm
Amendmenthttps://www.ilga.gov/legislation/101/SB/10100SB1495ham001.htm
Roll Callhttps://www.ilga.gov/legislation/votehistory/101/senate/10100SB1495_04102019_032000T.pdf
Roll Callhttps://www.ilga.gov/legislation/votehistory/101/house/10100SB1495_05222019_014000T.pdf
Roll Callhttps://www.ilga.gov/legislation/votehistory/101/senate/10100SB1495ham001_05312019_043000C.pdf

Bill Comments

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