HB 149 Illinois House · 95th Regular Session

LLC-PERSONAL LIABILITY

Summary
Amends the Limited Liability Company Act. Imposes personal liability on a member or manager of a limited liability company, who, with knowledge of the dissolution of that company, creates liability for the limited liability company by an act that is not appropriate for the winding up of the company's business, to the company or any third party for any damage to the company or third party arising from the liability.
Bill status failed 1 of 4 stages cleared
Introduction
Dec 2006
Committee Review
Floor Vote
Governor
Introduced Dec 18, 2006 Last action Jan 13, 2009
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
6
Key actions
0
Committee
3
Jan 13, 2009
House · Failed
Session Sine Die
Mar 23, 2007
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Jan 31, 2007
House · Referred to committee
Assigned to Judiciary I - Civil Law Committee
Jan 19, 2007
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
Co
Photo of Jack D. Franks
Jack D. Franks
DDemocratic
IL
63