Bill Status of HB 363   99th General Assembly

Short Description:  LLC-DISSOLUTION-COMPANY NAME

House Sponsors
Rep. Emanuel Chris Welch

Senate Sponsors
(Sen. Michael E. Hastings-Napoleon Harris, III)


Last Action  View All Actions

DateChamber Action
  9/9/2015HouseTotal Veto Stands - No Positive Action Taken

Statutes Amended In Order of Appearance
805 ILCS 105/112.35from Ch. 32, par. 112.35
805 ILCS 180/1-10
805 ILCS 180/35-25
805 ILCS 180/37-40

Synopsis As Introduced
Amends the General Not For Profit Corporation Act of 1986. Permits the Secretary of State to dissolve any corporation administratively if it has failed to elect and maintain at least 3 directors in accordance with a specified provision of the Act. Amends the Limited Liability Company Act. Adds the following terms to the list of terms a limited liability company or foreign limited liability company shall not use in its name: (i) "Company", except as the final word in the complete phrase "limited liability company"; (ii) "Limited Liability Limited Partnership"; (iii) "L.L.L.P."; (iv) "Limited Liability Partnership"; and (v) "L.L.P.". In a provision concerning grounds for administrative dissolution, provides that the Secretary of State may dissolve any limited liability company administratively if it has failed to appoint and maintain a registered agent in Illinois in accordance with the provisions of the Act (rather than if it has failed to appoint and maintain a registered agent in Illinois within 60 days after a registered agent's notice of resignation). Provides that except in the case of a foreign limited liability company that has adopted an assumed name, the name of the series with limited liability must commence with the entire name of the limited liability company, as set forth in its articles of organization (rather than articles of incorporation). Effective July 1, 2015.

Actions 
DateChamber Action
  1/28/2015HouseFiled with the Clerk by Rep. Emanuel Chris Welch
  1/28/2015HouseFirst Reading
  1/28/2015HouseReferred to Rules Committee
  2/13/2015HouseAssigned to Judiciary - Civil Committee
  2/19/2015HouseDo Pass / Short Debate Judiciary - Civil Committee; 011-000-000
  2/19/2015HousePlaced on Calendar 2nd Reading - Short Debate
  2/20/2015HouseSecond Reading - Short Debate
  2/20/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate
  2/25/2015HouseThird Reading - Short Debate - Passed 110-000-000
  2/25/2015SenateArrive in Senate
  2/25/2015SenatePlaced on Calendar Order of First Reading March 3, 2015
  2/26/2015SenateChief Senate Sponsor Sen. Michael E. Hastings
  3/3/2015SenateFirst Reading
  3/3/2015SenateReferred to Assignments
  4/8/2015SenateAssigned to Judiciary
  4/29/2015SenateDo Pass Judiciary; 010-000-000
  4/29/2015SenatePlaced on Calendar Order of 2nd Reading April 30, 2015
  5/12/2015SenateSecond Reading
  5/12/2015SenatePlaced on Calendar Order of 3rd Reading May 13, 2015
  5/22/2015SenateRule 2-10 Third Reading Deadline Established As May 31, 2015
  5/30/2015SenateAdded as Alternate Chief Co-Sponsor Sen. Napoleon Harris, III
  5/30/2015SenateThird Reading - Passed; 057-000-000
  5/30/2015HousePassed Both Houses
  6/26/2015HouseSent to the Governor
  8/18/2015HouseGovernor Vetoed
  8/25/2015HousePlaced on Calendar Total Veto August 25, 2015
  9/9/2015HouseTotal Veto Stands - No Positive Action Taken

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