Learn More
Log In
Sign Up
805 ILCS 180/ – Limited Liability Company Act | Midpage
Collections
Illinois Compiled Statutes
Business and Employment
Chapter 805
180
805 ILCS 180/
Limited Liability Company Act
1-1
Short title
1-10
Limited liability company name
1-15
Reservation of name
1-20
Assumed name
1-25
Nature of business
1-26
Low-profit limited liability company
1-27
Locale misrepresentation
1-28
Certificate of registration; Department of Financial and Professional Regulation
1-30
Powers
1-35
Registered office and registered agent
1-36
Change of registered office or registered agent
1-37
Change of address of registered agent
1-40
Records to be kept
1-43
Supplemental principles of law
1-45
805 Ilcs 180/1-45
1-46
Applicability of statute of frauds
1-5
Definitions
1-50
Service of process on limited liability company
1-55
Transaction of business outside of this State
1-6
Electronic records
1-60
Certain powers reserved to General Assembly
1-65
Governing law
10-1
Admission of members
10-10
Liability of members and managers
10-15
Right of members and dissociated members to information
10-5
805 Ilcs 180/10-5
13-10
Limited liability company liable for member or manager's actionable conduct
13-15
Statement of authority
13-20
Statement of denial
13-5
No agency power of a member as member
15-1
Management of limited liability company
15-10
805 Ilcs 180/15-10
15-15
Discharge of duties; consideration
15-20
Actions by members
15-3
General standards of member and manager's conduct
15-5
Operating agreement
15-7
Member and manager's right to reimbursement and indemnification
20-1
Form of contribution
20-10
805 Ilcs 180/20-10
20-15
805 Ilcs 180/20-15
20-5
Member's liability for contributions
25-1
Interim distributions
25-10
805 Ilcs 180/25-10
25-15
805 Ilcs 180/25-15
25-20
Right to distribution
25-25
805 Ilcs 180/25-25
25-30
Limitations on distributions
25-35
Liability for unlawful distributions
25-45
Known claims against dissolved limited liability company
25-5
805 Ilcs 180/25-5
25-50
Other claims against dissolved limited liability company
30-1
Member's distributional interest
30-10
Rights of a transferee
30-15
805 Ilcs 180/30-15
30-20
Rights of creditor
30-25
Power of personal representative of deceased member
30-5
Transfer of a distributional interest
35-1
Events causing dissolution and winding up of company's business
35-10
Distribution of assets in winding up limited liability company's business
35-15
Statement of termination
35-20
Filing of statement of termination
35-22
Revocation of termination
35-25
Grounds for administrative dissolution
35-3
Limited liability company continues after dissolution
35-30
Procedure for administrative dissolution
35-35
805 Ilcs 180/35-35
35-37
Administrative dissolution; limited liability company name
35-4
Wind up of limited liability company's business
35-40
Reinstatement following administrative dissolution
35-45
Events causing member's dissociation
35-5
805 Ilcs 180/35-5
35-50
Member's power to dissociate; wrongful dissociation
35-55
Effect of member's dissociation
35-60
805 Ilcs 180/35-60
35-65
805 Ilcs 180/35-65
35-7
Member or manager's power and liability as agent after dissolution
35-70
805 Ilcs 180/35-70
37-10
Conversions and domestications
37-15
805 Ilcs 180/37-15
37-16
805 Ilcs 180/37-16
37-17
805 Ilcs 180/37-17
37-20
Merger of entities
37-21
Action on plan of merger by constituent limited liability company
37-25
Articles of merger
37-30
Effect of merger
37-31
805 Ilcs 180/37-31
37-32
805 Ilcs 180/37-32
37-33
805 Ilcs 180/37-33
37-34
805 Ilcs 180/37-34
37-35
Article not exclusive
37-36
Restrictions on approval of mergers
37-40
Series of members, managers or limited liability company interests
37-5
Definitions
40-1
Right of action
40-10
Pleading
40-15
Expenses
40-5
Proper plaintiff
45-1
Law governing foreign limited liability companies
45-10
Filing; issuance of admission
45-15
Name
45-20
Registration; registered name of foreign limited liability company
45-25
Changes, amendments, and restatements
45-30
Requirement for registered agent and certain reports
45-35
Grounds for revocation of admission
45-36
Procedure for revocation of admission
45-40
Withdrawal
45-45
Transaction of business without admission
45-47
Activities that do not constitute transacting business
45-5
Admission to transact business
45-50
Action to restrain from transaction of business
45-55
Process; service on a foreign limited liability company
45-60
Execution of application
45-65
Reinstatement following revocation
45-70
Reinstatement following termination
5-1
Organization
5-10
Amendment to articles of organization
5-15
Amendment by managers
5-20
805 Ilcs 180/5-20
5-25
Articles of amendment
5-30
Restated articles of organization
5-35
Effect of articles of amendment
5-40
Effect of filing of articles of organization
5-45
Forms, execution, acknowledgement and filing
5-46
Electronic filing
5-47
Statement of correction
5-48
Petition for refund
5-5
Articles of organization
5-50
Amendment or termination by judicial act
5-55
Filing in Office of Secretary of State
5-60
805 Ilcs 180/5-60
5-65
Information disclosed by interrogatories
5-70
Notice of existence of limited liability company
50-1
Annual reports
50-10
Fees
50-15
Penalty
50-20
Powers of Secretary of State and rulemaking
50-25
Certified copies and certificates
50-30
805 Ilcs 180/50-30
50-35
Forms
50-40
File number
50-45
Certificate of registration; attorneys at law
50-5
List of limited liability companies; exchange of information
50-50
Department of Business Services Special Operations Fund
50-55
Disposition of fees
55-1
Construction and application
55-10
Illinois Administrative Procedure Act
55-15
Transitional provisions
55-2
Construction; attorneys at law
55-3
Relation to Electronic Signatures in Global and National Commerce Act
55-5
Judicial review under the Administrative Review Law
60-1
Effective date