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SB 174 Illinois Senate · 96th Regular Session

LLC-MEMBER-MANAGED CONDUCT

Summary
Amends the Limited Liability Company Act. Provides that a member of a manager-managed company is held to specified standards of conduct to the extent that the member exercises the managerial authority vested in a manager under the Act (rather than applying such standards to 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).
Bill status failed 3 of 5 stages cleared
Introduction
Apr 2009
Committee Review
May 2009
Senate Passage
Apr 2009
House Passage
Governor
Introduced Apr 3, 2009 Last action Jan 12, 2011
Floor votes · Senate Apr 2, 2009

How they voted

58–0
Passed
Total votes 58
Apr 2, 2009
D Democratic36
36 Yea
100% Yea
R Republican22
22 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
20
Key actions
2
Committee
6
May 8, 2009
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 20, 2009
Committee
Assigned to Executive Committee
lower
Apr 6, 2009
Committee
Referred to Rules Committee
lower
Apr 3, 2009
Introduced
Arrived in House
lower
Apr 2, 2009
Senate · Passed
Senate Vote: pass (58-0)
senate
Feb 10, 2009
Upper · Passed
Do Pass Judiciary; 010-000-000
upper
Feb 4, 2009
Committee
Assigned to Judiciary
upper
Jan 30, 2009
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.