SB 2765

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate Apr 11, 2024
  • Passed Senate Apr 11, 2024
  • Passed House May 15, 2024
  • Became Law Aug 09, 2024

Limited Liability Company

Abstract

Amends the Limited Liability Company Act. Provides that specified provisions under the Act do not limit the personal liability of a member or manager imposed under law other than the Act, including, but not limited to, the law of agency, contracts, and torts, and, subject to specified provisions, court imposed equitable remedies, such as piercing the limited liability company veil. Provides that the provisions apply to all actions with respect to which all timely appeals have not been exhausted before the effective date of the amendatory Act and all future actions commenced on or after the effective date of the amendatory Act. Makes other changes.

Bill Sponsors (3)

Votes


Actions


Aug 09, 2024

Senate

Public Act . . . . . . . . . 103-0920

Senate

Effective Date January 1, 2025

Senate

Governor Approved

Jun 13, 2024

Senate

Sent to the Governor

May 15, 2024

House

Third Reading - Short Debate - Passed 072-041-000

Senate

Passed Both Houses

May 08, 2024

House

Added Alternate Chief Co-Sponsor Rep. Stephanie A. Kifowit

May 06, 2024

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Second Reading - Short Debate

May 01, 2024

House

Do Pass / Short Debate Judiciary - Civil Committee; 010-004-000

House

Placed on Calendar 2nd Reading - Short Debate

Apr 24, 2024

House

Assigned to Judiciary - Civil Committee

Apr 15, 2024

House

Referred to Rules Committee

House

First Reading

Apr 12, 2024

House

Chief House Sponsor Rep. Daniel Didech

Apr 11, 2024

House

Arrived in House

Senate

Third Reading - Passed; 037-019-002

Mar 21, 2024

Senate

Second Reading

Senate

Placed on Calendar Order of 3rd Reading March 22, 2024

Feb 07, 2024

Senate

Do Pass Judiciary; 006-003-000

Senate

Placed on Calendar Order of 2nd Reading February 8, 2024

Jan 31, 2024

Senate

Assigned to Judiciary

Jan 16, 2024

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Robert F. Martwick

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Engrossed HTML PDF
Enrolled HTML PDF

Related Documents

Document Format
Public Act

Sources

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