Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as
Public
Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Guide.
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
(805 ILCS 180/1-65) Sec. 1-65. Governing law. The law of this State governs: (1) the internal affairs and organization of a |
| limited liability company;
|
|
(2) the liability of a member as member and a
|
| manager as manager for the debts, obligations, or other liabilities of a limited liability company;
|
|
(3) the internal affairs and establishment of a
|
| series of a limited liability company;
|
|
(4) the liability of a member or a manager
|
| associated with a series for the debts, obligations, or other liabilities of the series; and
|
|
(5) the liability of a series for the debts,
|
| obligations, or other liabilities of the limited liability company that established the series or for another series established by the limited liability company, and the liability of the limited liability company for the debts, obligations, or other liabilities of a series established by the limited liability company.
|
|
(Source: P.A. 99-637, eff. 7-1-17 .)
|