CULLERTON-HAWKINSON. (SCULLY-BROSNAHAN) New Act 805 ILCS 205/Part VII heading new 805 ILCS 205/90 new 805 ILCS 205/95 new 805 ILCS 210/201 from Ch. 106 1/2, par. 152-1 805 ILCS 210/805 new 805 ILCS 210/1204 from Ch. 106 1/2, par. 162-4 Creates the Uniform Partnership Act (1997) to replace the Uniform Partnership Act. The new Act adds provisions concerning continuation of a partnership after a partner's dissociation; fiduciary duties of partners; public filing of statements containing basic information about a partnership; merger of partnerships; and conversion of a partnership to a limited partnership. Provides that a partnership may qualify as a limited liability partnership and establishes the requirements for qualification. Makes the new Act applicable to partnerships formed on or after January 1, 2003 with certain exceptions; makes the new Act applicable to all partnerships on and after January 1, 2008. Authorizes existing partnerships to elect to be governed by the new Act. Amends the Uniform Partnership Act and the Revised Uniform Limited Partnership Act to make conforming changes and to repeal the Uniform Partnership Act on January 1, 2008. Effective January 1, 2003. FEB-07-2002 S FIRST READING FEB-07-2002 S ADDED AS A CHIEF CO-SPONSOR HAWKINSON FEB-07-2002 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-20-2002 S ASSIGNED TO COMMITTEE JUDICIARY FEB-27-2002 S POSTPONED MAR-06-2002 S DO PASS 011-000-000 SJUD MAR-06-2002 S PLACED ON CALENDAR ORDER OF 2ND READING 02-03-07 MAR-20-2002 S SECOND READING MAR-20-2002 S PLACED ON CALENDAR ORDER OF 3RD READING 02-03-21 APR-03-2002 S THIRD READING - PASSED 056-000-000 APR-03-2002 H ARRIVE IN HOUSE APR-03-2002 H PLACED CALENDAR ORDER OF FIRST READING APR-05-2002 H HOUSE SPONSOR SCULLY APR-05-2002 H ADDED AS A JOINT SPONSOR BROSNAHAN APR-05-2002 H FIRST READING APR-05-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES APR-09-2002 H ASSIGNED TO COMMITTEE JUD-CIVIL LAW APR-18-2002 H DO PASS/SHORT DEBATE 011-000-000 HJUA APR-18-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE APR-23-2002 H SECOND READING-SHORT DEBATE APR-23-2002 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAY-02-2002 H 3RD RDG. DEADLINE EXTENDED-RULE 9(B) TO 05/17/02 MAY-02-2002 H CALENDAR ORDER 3RD READING-SHORT DEBATE MAY-08-2002 H THIRD READING/SHORT DEBATE/PASSED 116-000-000 MAY-08-2002 S PASSED BOTH HOUSES JUN-06-2002 S SENT TO THE GOVERNOR JUL-25-2002 S GOVERNOR APPROVED JUL-25-2002 S EFFECTIVE DATE 03-01-01 JUL-25-2002 S PUBLIC ACT.............................. 92-0740 END OF INQUIRY Full Text Bill Summary