805 ILCS 180/1-46

(805 ILCS 180/1-46)

Sec. 1-46. Applicability of statute of frauds. An operating agreement is enforceable whether or not there is a writing signed or record authenticated by a party against whom enforcement is sought, even if the agreement is not capable of performance within one year of its making.

(Source: P.A. 99-637, eff. 7-1-17.)