Illinois General Assembly - Bill Status for SB0174
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 Bill Status of SB0174  96th General Assembly


Short Description:  LLC-MEMBER-MANAGED CONDUCT

Senate Sponsors
Sen. Don Harmon and Martin A. Sandoval

House Sponsors
(Rep. JoAnn D. Osmond)

Last Action
DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
805 ILCS 180/15-3


Synopsis As Introduced
Amends the Limited Liability Company Act. Provides that a member of a manager-managed company is held to specified standards of conduct to the extent that the member exercises the managerial authority vested in a manager under the Act (rather than applying such standards to a member who pursuant to the operating agreement exercises some or all of the authority of a manager in the management and conduct of the company's business).

Actions 
DateChamber Action
  1/30/2009SenateFiled with Secretary by Sen. Don Harmon
  1/30/2009SenateFirst Reading
  1/30/2009SenateReferred to Assignments
  2/4/2009SenateAssigned to Judiciary
  2/10/2009SenateDo Pass Judiciary; 010-000-000
  2/10/2009SenatePlaced on Calendar Order of 2nd Reading February 11, 2009
  2/27/2009SenateSecond Reading
  2/27/2009SenatePlaced on Calendar Order of 3rd Reading March 4, 2009
  4/1/2009SenatePlaced on Calendar Order of 3rd Reading ** April 2, 2009
  4/2/2009SenateThird Reading - Passed; 059-000-000
  4/3/2009HouseArrived in House
  4/3/2009HousePlaced on Calendar Order of First Reading
  4/3/2009HouseChief House Sponsor Rep. JoAnn D. Osmond
  4/6/2009HouseFirst Reading
  4/6/2009HouseReferred to Rules Committee
  4/20/2009HouseAssigned to Executive Committee
  5/8/2009HouseRule 19(a) / Re-referred to Rules Committee
  3/24/2010SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  1/12/2011SenateSession Sine Die

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