IL SB2797 | 2019-2020 | 101st General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Limited Liability Company Act. Provides that a limited liability company's operating agreement may not restrict the duty to act fairly as described in the Act. Provides that the operating agreement may identify the standards by which the obligation to act fairly is measured.
Title
LLC-OPERATING AGREEMENT
Sponsors
History
Date | Chamber | Action |
---|---|---|
2021-01-13 | Senate | Session Sine Die |
2020-05-15 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020 |
2020-05-07 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020 |
2020-05-07 | Senate | Rule 2-10 Committee Deadline Established As May 22, 2020 |
2020-04-30 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020 |
2020-04-30 | Senate | Rule 2-10 Committee Deadline Established As May 15, 2020 |
2020-04-23 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020 |
2020-04-23 | Senate | Rule 2-10 Committee Deadline Established As May 7, 2020 |
2020-04-16 | Senate | Rule 2-10 Committee Deadline Established As April 30, 2020 |
2020-04-12 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Assignments |
2020-03-25 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020 |
2020-03-25 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2020 |
2020-03-18 | Senate | Rule 2-10 Committee Deadline Established As April 2, 2020 |
2020-03-04 | Senate | Postponed - Judiciary |
2020-02-25 | Senate | Postponed - Judiciary |
2020-02-11 | Senate | Assigned to Judiciary |
2020-02-04 | Senate | Referred to Assignments |
2020-02-04 | Senate | First Reading |
2020-02-04 | Senate | Filed with Secretary by Sen. Robert F. Martwick |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
805 | 180 | 15-5 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2797&GAID=15&DocTypeID=SB&SessionID=108&GA=101 |
Text | https://www.ilga.gov/legislation/101/SB/10100SB2797.htm |