IL HB5093 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 13 2020 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Limited Liability Company Act. Provides that a limited liability company may revoke its termination within 90 days after the effective date of the termination, or longer if the limited liability company pays a penalty, if it has not begun to distribute its assets. Requires the limited liability company to file articles of revocation of termination. Sets forth the contents of the articles of termination. Provides that after filing the articles of revocation, the limited liability company may resume business as if the termination had never occurred.

Tracking Information

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Title

LLC REVOCATION OF TERMINATION

Sponsors


History

DateChamberAction
2020-06-23HouseRule 19(b) / Re-referred to Rules Committee
2020-03-17HouseAssigned to Labor & Commerce Committee
2020-02-18HouseReferred to Rules Committee
2020-02-18HouseFirst Reading
2020-02-13HouseFiled with the Clerk by Rep. Justin Slaughter

Code Citations

ChapterArticleSectionCitation TypeStatute Text
80518035-22New CodeSee Bill Text

Illinois State Sources


Bill Comments

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