Bill Title: Amends the Business Corporation Act of 1983, the General Not for Profit Corporation Act of 1986, and the Limited Liability Company Act. Requires a limited liability company (LLC) that has converted into a different entity to file a copy of the articles of conversion with the Secretary of State. Allows the Secretary of State to accept service of process for a domestic corporation or LLC that has dissolved, faces criminal charges, or has failed to appoint or maintain an agent or whose agent cannot be found. Requires the articles of incorporation of an LLC to specify the company's duration, making the duration perpetual if not specified. Provides that restated articles of incorporation supersede any previous articles or amendments. Expands the grounds for dissolution of an LLC or revocation of admission for a foreign LLC to failure to respond to interrogatories or failure to tender adequate payment to the Secretary of State. Creates a process for revoking a foreign LLC's right to admission. Effective July 1, 2013.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Passed) 2013-08-05 - Public Act . . . . . . . . . 98-0171 [HB1048 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
Senate	Third Reading in Senate	2013-05-09	53	0	6	0	59	Passed	Link	View
House	Third Reading in House	2013-03-01	111	0	0	2	113	Passed	Link	View

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