Date	Chamber	Action
8/16/2005	Senate	Public Act . . . . . . . . . 94-0607

Statutes Amended In Order of Appearance

805 ILCS 180/37-40 new

805 ILCS 180/50-10

Synopsis As Introduced
Amends the Limited Liability Company Act. Provides that an operating agreement may establish designated series of members, managers or limited liability company interests having separate rights, powers or duties with respect to specified property or obligations of the limited liability company or profits and losses associated with specified property or obligations, and to the extent provided in the operating agreement, any such series may have a separate business purpose or investment objective. Establishes the procedures for management, dissolution, and operation of a series. Provides the fee for filing articles of organization, annual reports, and certificates of designation for a series of a limited liability company. Effective July 1, 2005.

Actions 

Date	Chamber	Action
2/17/2005	Senate	Filed with Secretary by Sen. Don Harmon
2/17/2005	Senate	First Reading
2/17/2005	Senate	Referred to Rules
2/23/2005	Senate	Assigned to Judiciary
3/2/2005	Senate	Added as Chief Co-Sponsor Sen. Richard J. Winkel, Jr.
3/2/2005	Senate	Do Pass Judiciary; 010-000-000
3/2/2005	Senate	Placed on Calendar Order of 2nd Reading March 3, 2005
3/3/2005	Senate	Second Reading
3/3/2005	Senate	Placed on Calendar Order of 3rd Reading March 8, 2005
4/7/2005	Senate	Third Reading - Passed; 056-000-000
4/7/2005	House	Arrived in House
4/7/2005	House	Placed on Calendar Order of First Reading
4/15/2005	House	Chief House Sponsor Rep. Kevin Joyce
4/15/2005	House	First Reading
4/15/2005	House	Referred to Rules Committee
4/20/2005	House	Assigned to Judiciary I - Civil Law Committee
4/27/2005	House	Do Pass / Short Debate Judiciary I - Civil Law Committee; 008-002-000
4/28/2005	House	Placed on Calendar 2nd Reading - Short Debate
5/10/2005	House	Second Reading - Short Debate
5/10/2005	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/20/2005	House	Third Reading - Short Debate - Passed 062-049-000
5/20/2005	Senate	Passed Both Houses
6/17/2005	Senate	Sent to the Governor
8/16/2005	Senate	Governor Approved
8/16/2005	Senate	Effective Date August 16, 2005
8/16/2005	Senate	Public Act . . . . . . . . . 94-0607

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