Illinois General Assembly - Bill Status for SB2797
Illinois General Assembly

Previous General Assemblies

 Bill Status of SB2797  101st General Assembly


Short Description:  LLC-OPERATING AGREEMENT

Senate Sponsors
Sen. Robert F. Martwick

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

Statutes Amended In Order of Appearance
805 ILCS 180/15-5


Synopsis As Introduced
Amends the Limited Liability Company Act. Provides that a limited liability company's operating agreement may not restrict the duty to act fairly as described in the Act. Provides that the operating agreement may identify the standards by which the obligation to act fairly is measured.

Actions 
DateChamber Action
  2/4/2020SenateFiled with Secretary by Sen. Robert F. Martwick
  2/4/2020SenateFirst Reading
  2/4/2020SenateReferred to Assignments
  2/11/2020SenateAssigned to Judiciary
  2/25/2020SenatePostponed - Judiciary
  3/4/2020SenatePostponed - Judiciary
  3/18/2020SenateRule 2-10 Committee Deadline Established As April 2, 2020
  3/25/2020SenateRule 2-10 Committee Deadline Established As April 24, 2020
  3/25/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
  4/12/2020SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  4/16/2020SenateRule 2-10 Committee Deadline Established As April 30, 2020
  4/23/2020SenateRule 2-10 Committee Deadline Established As May 7, 2020
  4/23/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Committee Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Committee Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
  5/15/2020SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020
  1/13/2021SenateSession Sine Die

Back To Top