(805 ILCS 180/55-15)
Sec. 55-15.
Transitional provisions.
(a) Before January 1, 2000, this amendatory Act of 1997 governs only a
limited liability
company:
(1) organized on or after the effective date of this | ||
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(2) organized before the effective date of this | ||
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(b) On and after January 1, 2000, this amendatory Act of 1997 governs all
limited liability
companies.
(c) Before January 1, 2000, a limited liability company voluntarily may
elect,
in the manner provided in its operating agreement or by law for
amending the operating agreement, to be governed by this amendatory Act of
1997.
(Source: P.A. 90-424, eff. 1-1-98.)
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