SB 628 Illinois Senate · 95th Regular Session

LLC ACT-MEMBER LIABILITY

Summary
Amends the Limited Liability Company Act. Provides that a member or manager who, with knowledge of the dissolution, subjects a limited liability company to liability by an act that is not appropriate for winding up the company's business is liable to the company and to any third party with whom the member or manager contracts after the dissolution for any damage caused to the company or third party arising from the liability. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2007
Committee Review
Floor Vote
Governor
Introduced Feb 8, 2007 Last action Jan 13, 2009
Floor votes

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Full legislative history

Actions timeline

Total actions
4
Key actions
0
Committee
1
Jan 13, 2009
Senate · Failed
Session Sine Die
Feb 8, 2007
Senate · Referred to committee
Referred to Rules
0 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
Co
Photo of Matt Murphy
Matt Murphy
RRepublican
IL
27