LLCA-MEMBER MANAGER AUTHORITY
Summary
Amends the Limited Liability Corporation Act. Provides that in a manager-managed company a member is held to specified standards of conduct to the extent that the member exercises the managerial authority vested in a manager by this Act (rather than 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 is held to specified standards of conduct to the extent that the member exercises the managerial authority vested in a manager by this Act).
Bill status
signed
all 5 stages cleared
Introduction
Mar 2009
Committee Review
Apr 2009
House Passage
May 2009
Senate Passage
May 2009
Signed into Law
Aug 2009
Introduced Mar 25, 2009
Signed Aug 11, 2009
Floor votes · Senate May 14, 2009 · House Mar 24, 2009
How they voted
50–0
Passed · 3 other
Total votes 53
May 14, 2009
D
Democratic33
93% Yea
R
Republican20
95% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
28
Key actions
6
Committee
6
Aug 11, 2009
Signed into law
Governor Approved
lower
May 14, 2009
Lower · Passed
Passed Both Houses
lower
May 14, 2009
Senate · Passed
Senate Vote: pass (50-0-3)
senate
Apr 22, 2009
Upper · Passed
Do Pass Judiciary; 010-000-000
upper
Apr 15, 2009
Committee
Assigned to Judiciary
upper
Mar 26, 2009
Committee
Referred to Assignments
upper
Mar 25, 2009
Introduced
Arrive in Senate
upper
Mar 24, 2009
House · Passed
House Vote: pass (103-0-3)
house
Mar 4, 2009
Lower · Passed
Do Pass / Short Debate Judiciary I - Civil Law Committee; 017-000-000
lower
Feb 23, 2009
Committee
Assigned to Judiciary I - Civil Law Committee
lower
Feb 18, 2009
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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