Bill Title: 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).

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Engrossed - Dead) 2010-03-24 - Added as Co-Sponsor Sen. Martin A. Sandoval [SB0174 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	Not Avail	HTML/Text	Link	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB0174

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0174 currently on file.

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