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<title>Illinois General Assembly - Bill Status for SB 1495         </title>
<shortdesc>LLC-INSPECTION OF RECORDS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. John G. Mulroe</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Daniel Didech)</altsponsors>
</sponsor>
<lastaction>
<statusdate>8/23/2019</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 101-0553</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>805 ILCS 180/1-5</reference><aliasreference></aliasreference><reference>805 ILCS 180/1-40</reference><aliasreference></aliasreference><reference>805 ILCS 180/10-1</reference><aliasreference></aliasreference><reference>805 ILCS 180/10-10</reference><aliasreference></aliasreference><reference>805 ILCS 180/10-15</reference><aliasreference></aliasreference><reference>805 ILCS 180/13-15</reference><aliasreference></aliasreference><reference>805 ILCS 180/15-5</reference><aliasreference></aliasreference><reference>805 ILCS 180/15-20</reference><aliasreference></aliasreference><reference>805 ILCS 180/30-1</reference><aliasreference></aliasreference><reference>805 ILCS 180/35-1</reference><aliasreference></aliasreference><reference>805 ILCS 180/35-45</reference><aliasreference></aliasreference><SynopsisText>Amends the Limited Liability Company Act. Provides that if a company fails to permit the inspection of records as required under the Act, a person making a request or demand may file an action to compel the company to permit the inspection and copying and obtain other legal or equitable relief, including (if the court finds that the company acted unreasonably) costs and attorney's fees. Provides that specified provisions do not limit the personal liability of a member or manager imposed under a law other than the Act, including agency, contract, and tort law. Makes various changes concerning: definitions; admission of members; statements of authority; operating agreements; actions by members; transfer of interests; and dissociation of members.</SynopsisText><synopsistitle>Senate Floor Amendment No. 1</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>805 ILCS 180/15-5</reference><aliasreference></aliasreference><SynopsisText>Provides that a purpose of the bill is to overrule Dass v. Yale, 2013 IL App (1st) 122520. Removes changes that would have permitted certain decisions to be ratified by one or more members or disinterested managers or other disinterested persons.</SynopsisText><synopsistitle>House Committee Amendment No. 1</synopsistitle>
<SynopsisText>Provides that a purpose of the bill is to overrule the interpretation of specified portions of the Limited Liability Company Act set forth in Dass v. Yale, 2013 IL App (1st) 122520, and Carollo v. Irwin, 2011 IL App (1st) 102765 instead of ("to overrule Dass v. Yale"). Corrects a typographical error.</SynopsisText></synopsis>
<actions>
<statusdate>2/13/2019</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. John G. Mulroe</action>
<statusdate>2/13/2019</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/13/2019</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/27/2019</statusdate><chamber>Senate</chamber><action>Assigned to Judiciary</action>
<statusdate>3/5/2019</statusdate><chamber>Senate</chamber><action>Postponed - Judiciary</action>
<statusdate>3/12/2019</statusdate><chamber>Senate</chamber><action>Do Pass Judiciary;  008-000-000</action>
<statusdate>3/12/2019</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 13, 2019</action>
<statusdate>3/13/2019</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/13/2019</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 14, 2019</action>
<statusdate>4/4/2019</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe</action>
<statusdate>4/4/2019</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Referred to Assignments</action>
<statusdate>4/9/2019</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Assignments Refers to Judiciary</action>
<statusdate>4/9/2019</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary;  008-000-000</action>
<statusdate>4/10/2019</statusdate><chamber>Senate</chamber><action>Recalled to Second Reading</action>
<statusdate>4/10/2019</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Adopted; Mulroe</action>
<statusdate>4/10/2019</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading</action>
<statusdate>4/10/2019</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 055-000-000</action>
<statusdate>4/11/2019</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>4/12/2019</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Daniel Didech</action>
<statusdate>4/12/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>4/12/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>4/30/2019</statusdate><chamber>House</chamber><action>Assigned to Judiciary - Civil Committee</action>
<statusdate>5/1/2019</statusdate><chamber>House</chamber><action>To Commercial Law Subcommittee</action>
<statusdate>5/2/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Daniel Didech</action>
<statusdate>5/2/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>5/7/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee</action>
<statusdate>5/8/2019</statusdate><chamber>House</chamber><action>Reported Back To Judiciary - Civil Committee;  005-002-000</action>
<statusdate>5/9/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee;  by Voice Vote</action>
<statusdate>5/9/2019</statusdate><chamber>House</chamber><action>Do Pass as Amended / Short Debate Judiciary - Civil Committee;  009-005-000</action>
<statusdate>5/9/2019</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>5/16/2019</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>5/16/2019</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>5/22/2019</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 077-040-001</action>
<statusdate>5/22/2019</statusdate><chamber>Senate</chamber><action>Secretary's Desk - Concurrence House Amendment(s) 1</action>
<statusdate>5/22/2019</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of Concurrence House Amendment(s) 1 -  May 23, 2019</action>
<statusdate>5/22/2019</statusdate><chamber>Senate</chamber><action>House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. John G. Mulroe</action>
<statusdate>5/22/2019</statusdate><chamber>Senate</chamber><action>House Committee Amendment No. 1 Motion to Concur Referred to Assignments</action>
<statusdate>5/28/2019</statusdate><chamber>Senate</chamber><action>House Committee Amendment No. 1 Motion to Concur Assignments Referred to Judiciary</action>
<statusdate>5/28/2019</statusdate><chamber>Senate</chamber><action>House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary;  006-000-000</action>
<statusdate>5/31/2019</statusdate><chamber>Senate</chamber><action>House Committee Amendment No. 1 Senate Concurs 058-000-000</action>
<statusdate>5/31/2019</statusdate><chamber>Senate</chamber><action>Senate Concurs</action>
<statusdate>5/31/2019</statusdate><chamber>Senate</chamber><action>Passed Both Houses</action>
<statusdate>6/28/2019</statusdate><chamber>Senate</chamber><action>Sent to the Governor</action>
<statusdate>8/23/2019</statusdate><chamber>Senate</chamber><action>Governor Approved</action>
<statusdate>8/23/2019</statusdate><chamber>Senate</chamber><action>Effective Date January 1, 2020</action>
<statusdate>8/23/2019</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 101-0553</action>
</actions>
</xml>

