Bill Status of SB 2765   103rd General Assembly

Short Description:  LIMITED LIABILITY COMPANY

Senate Sponsors
Sen. Robert F. Martwick

House Sponsors
(Rep. Daniel Didech-Stephanie A. Kifowit)


Last Action  View All Actions

DateChamber Action
  8/9/2024SenatePublic Act . . . . . . . . . 103-0920

Statutes Amended In Order of Appearance
805 ILCS 180/10-10

Synopsis As Introduced
Amends the Limited Liability Company Act. Provides that specified provisions under the Act do not limit the personal liability of a member or manager imposed under law other than the Act, including, but not limited to, the law of agency, contracts, and torts, and, subject to specified provisions, court imposed equitable remedies, such as piercing the limited liability company veil. Provides that the provisions apply to all actions with respect to which all timely appeals have not been exhausted before the effective date of the amendatory Act and all future actions commenced on or after the effective date of the amendatory Act. Makes other changes.

Actions 
DateChamber Action
  1/16/2024SenateFiled with Secretary by Sen. Robert F. Martwick
  1/16/2024SenateFirst Reading
  1/16/2024SenateReferred to Assignments
  1/31/2024SenateAssigned to Judiciary
  2/7/2024SenateDo Pass Judiciary; 006-003-000
  2/7/2024SenatePlaced on Calendar Order of 2nd Reading February 8, 2024
  3/21/2024SenateSecond Reading
  3/21/2024SenatePlaced on Calendar Order of 3rd Reading March 22, 2024
  4/11/2024SenateThird Reading - Passed; 037-019-002
  4/11/2024HouseArrived in House
  4/12/2024HouseChief House Sponsor Rep. Daniel Didech
  4/15/2024HouseFirst Reading
  4/15/2024HouseReferred to Rules Committee
  4/24/2024HouseAssigned to Judiciary - Civil Committee
  5/1/2024HouseDo Pass / Short Debate Judiciary - Civil Committee; 010-004-000
  5/1/2024HousePlaced on Calendar 2nd Reading - Short Debate
  5/6/2024HouseSecond Reading - Short Debate
  5/6/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/8/2024HouseAdded Alternate Chief Co-Sponsor Rep. Stephanie A. Kifowit
  5/15/2024HouseThird Reading - Short Debate - Passed 072-041-000
  5/15/2024SenatePassed Both Houses
  6/13/2024SenateSent to the Governor
  8/9/2024SenateGovernor Approved
  8/9/2024SenateEffective Date January 1, 2025
  8/9/2024SenatePublic Act . . . . . . . . . 103-0920

Back To Top