Illinois General Assembly - Bill Status for SB0628
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 Bill Status of SB0628  99th General Assembly


Short Description:  LLC ACT-MEMBER LIABILITY

Senate Sponsors
Sen. Matt Murphy

Last Action
DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
805 ILCS 180/10-10
805 ILCS 180/35-7


Synopsis As Introduced
Amends the Limited Liability Company Act. Provides that a member or manager who, with knowledge of the dissolution, subjects a limited liability company to liability by an act that is not appropriate for winding up the company's business is liable to the company and to any third party with whom the member or manager contracts after the dissolution for any damage caused to the company or third party arising from the liability. Effective immediately.

Actions 
DateChamber Action
  2/8/2007SenateFiled with Secretary by Sen. Matt Murphy
  2/8/2007SenateFirst Reading
  2/8/2007SenateReferred to Rules
  1/13/2009SenateSession Sine Die

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