Bill Title: 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.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Passed) 2024-08-09 - Public Act . . . . . . . . . 103-0920
[SB2765 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Chaptered | 2024-08-09 | HTML/Text | Link | View |
| Enrolled | 2024-05-15 | HTML/Text | Link | View |
| Engrossed | 2024-04-11 | HTML/Text | Link | View |
| Introduced | 2024-01-16 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|
| No bill amendments currently on file for Illinois SB2765 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois SB2765 currently on file. |
Social Comments on IL SB2765
