Illinois General Assembly - Bill Status for HB5093
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 Bill Status of HB5093  101st General Assembly


Short Description:  LLC REVOCATION OF TERMINATION

House Sponsors
Rep. Justin Slaughter

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
805 ILCS 180/35-22 new


Synopsis As Introduced
Amends the Limited Liability Company Act. Provides that a limited liability company may revoke its termination within 90 days after the effective date of the termination, or longer if the limited liability company pays a penalty, if it has not begun to distribute its assets. Requires the limited liability company to file articles of revocation of termination. Sets forth the contents of the articles of termination. Provides that after filing the articles of revocation, the limited liability company may resume business as if the termination had never occurred.

Actions 
DateChamber Action
  2/13/2020HouseFiled with the Clerk by Rep. Justin Slaughter
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  3/17/2020HouseAssigned to Labor & Commerce Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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