Illinois General Assembly - Bill Status for SB 140
LIMITED LIABILITY CO-VARIOUS
Senate SponsorsSen. Don Harmon and Jason A. Barickman
House Sponsors(Rep. Dan Brady-Elaine Nekritz-Mike Fortner)
8/19/2016SenatePublic Act . . . . . . . . . 99-0844
810 ILCS 5/1-101from Ch. 26, par. 1-101Amends the Uniform Commercial Code. Makes a technical change in a Section concerning the short titles.Senate Committee Amendment No. 1
Deletes reference to:810 ILCS 5/1-101Adds reference to:805 ILCS 180/1-5805 ILCS 180/1-6 new805 ILCS 180/1-30805 ILCS 180/1-40805 ILCS 180/1-46 new805 ILCS 180/1-65 new805 ILCS 180/5-5805 ILCS 180/5-45805 ILCS 180/5-47805 ILCS 180/5-50805 ILCS 180/10-1805 ILCS 180/10-15805 ILCS 180/13-5805 ILCS 180/13-15 new805 ILCS 180/13-20 new805 ILCS 180/15-1805 ILCS 180/15-3805 ILCS 180/15-5805 ILCS 180/15-7805 ILCS 180/20-1805 ILCS 180/20-5805 ILCS 180/25-35805 ILCS 180/Art. 30 heading805 ILCS 180/30-5805 ILCS 180/30-10805 ILCS 180/30-20805 ILCS 180/30-25 new805 ILCS 180/35-1805 ILCS 180/35-3805 ILCS 180/35-4805 ILCS 180/35-7805 ILCS 180/35-15805 ILCS 180/35-20805 ILCS 180/35-37 new805 ILCS 180/35-45805 ILCS 180/35-55805 ILCS 180/Art. 37 heading805 ILCS 180/37-5805 ILCS 180/37-10805 ILCS 180/37-15805 ILCS 180/37-16 new805 ILCS 180/37-17 new805 ILCS 180/37-20805 ILCS 180/37-21 new805 ILCS 180/37-25805 ILCS 180/37-30805 ILCS 180/37-31 new805 ILCS 180/37-32 new805 ILCS 180/37-33 new805 ILCS 180/37-34 new805 ILCS 180/37-36 new805 ILCS 180/37-40805 ILCS 180/50-1805 ILCS 180/50-10805 ILCS 180/55-1805 ILCS 180/55-3 new805 ILCS 180/30-1 rep.805 ILCS 180/35-60 rep.805 ILCS 180/35-65 rep.805 ILCS 180/35-70 rep.Replaces everything after the enacting clause. Amends the Limited Liability Company Act. Establishes distinctions between membership interests. Provides for the appointment of officers. Authorizes the use of oral operating agreements. Makes changes concerning electronic signatures. Makes changes regarding a member's right to information. Provides that members of limited liability company are not agents solely because of membership. Expands the scope of operating agreements. Makes changes concerning unauthorized distributions. Provides that creditors acquire only distributional rights. Requires judicial action for dissolution based upon illegality. Abolishes certain statutory buyout rights. Provides for domestication of foreign companies. Provides for conversion of business entities into other forms. Makes changes concerning electronic signatures. Makes other changes.Senate Floor Amendment No. 2
Deletes reference to:805 ILCS 180/30-1 rep.Replaces everything after the enacting clause with provisions similar to those of Senate Amendment No. 1. Makes technical changes. Requires the filing of a post office address for service of process. Limits the ability of companies to transact business until an application is filed with the Secretary of State. Adds a July 1, 2016 effective date.House Committee Amendment No. 1
Deletes reference to:805 ILCS 180/1-5805 ILCS 180/1-6 new805 ILCS 180/1-30805 ILCS 180/1-40805 ILCS 180/1-46 new805 ILCS 180/1-65 new805 ILCS 180/5-5805 ILCS 180/5-45805 ILCS 180/5-47805 ILCS 180/5-50805 ILCS 180/10-1805 ILCS 180/10-15805 ILCS 180/13-5805 ILCS 180/13-15 new805 ILCS 180/13-20 new805 ILCS 180/15-1805 ILCS 180/15-3805 ILCS 180/15-5805 ILCS 180/15-7805 ILCS 180/20-1805 ILCS 180/20-5805 ILCS 180/25-35805 ILCS 180/Art. 30 heading805 ILCS 180/30-5805 ILCS 180/30-10805 ILCS 180/30-20805 ILCS 180/30-25 new805 ILCS 180/35-1805 ILCS 180/35-3805 ILCS 180/35-4805 ILCS 180/35-7805 ILCS 180/35-15805 ILCS 180/35-20805 ILCS 180/35-37 new805 ILCS 180/35-45805 ILCS 180/35-55805 ILCS 180/Art. 37 heading805 ILCS 180/37-5805 ILCS 180/37-10805 ILCS 180/37-15805 ILCS 180/37-16 new805 ILCS 180/37-17 new805 ILCS 180/37-20805 ILCS 180/37-21 new805 ILCS 180/37-25805 ILCS 180/37-30805 ILCS 180/37-31 new805 ILCS 180/37-32 new805 ILCS 180/37-33 new805 ILCS 180/37-34 new805 ILCS 180/37-36 new805 ILCS 180/37-40805 ILCS 180/50-1805 ILCS 180/50-10805 ILCS 180/55-1805 ILCS 180/55-3 new805 ILCS 180/35-60 rep.805 ILCS 180/35-65 rep.805 ILCS 180/35-70 rep.Adds reference to:815 ILCS 710/4from Ch. 121 1/2, par. 754Replaces everything after the enacting clause. Amends the Motor Vehicle Franchise Act regarding unfair competition and practices. Provides that it is not a violation for a manufacturer to own or operate a place of business that manufactures only certain diesel engines for installation in trucks having a gross vehicle weight rating of more than 16,000 pounds if specified conditions are met. Applies to a facility owned by a manufacturer and in operation as of January 1, 2016. Effective immediately.House Committee Amendment No. 2
Deletes reference to:805 ILCS 180/1-5805 ILCS 180/1-6 new805 ILCS 180/1-30805 ILCS 180/1-40805 ILCS 180/1-46 new805 ILCS 180/1-65 new805 ILCS 180/5-5805 ILCS 180/5-45805 ILCS 180/5-47805 ILCS 180/5-50805 ILCS 180/10-1805 ILCS 180/10-15805 ILCS 180/13-5805 ILCS 180/13-15 new805 ILCS 180/13-20 new805 ILCS 180/15-1805 ILCS 180/15-3805 ILCS 180/15-5805 ILCS 180/15-7805 ILCS 180/20-1805 ILCS 180/20-5805 ILCS 180/25-35805 ILCS 180/Art. 30 heading805 ILCS 180/30-5805 ILCS 180/30-10805 ILCS 180/30-20805 ILCS 180/30-25 new805 ILCS 180/35-1805 ILCS 180/35-3805 ILCS 180/35-4805 ILCS 180/35-7805 ILCS 180/35-15805 ILCS 180/35-20805 ILCS 180/35-37 new805 ILCS 180/35-45805 ILCS 180/35-55805 ILCS 180/Art. 37 heading805 ILCS 180/37-5805 ILCS 180/37-10805 ILCS 180/37-15805 ILCS 180/37-16 new805 ILCS 180/37-17 new805 ILCS 180/37-20805 ILCS 180/37-21 new805 ILCS 180/37-25805 ILCS 180/37-30805 ILCS 180/37-31 new805 ILCS 180/37-32 new805 ILCS 180/37-33 new805 ILCS 180/37-34 new805 ILCS 180/37-36 new805 ILCS 180/37-40805 ILCS 180/50-1805 ILCS 180/50-10805 ILCS 180/55-1805 ILCS 180/55-3 new805 ILCS 180/35-60 rep.805 ILCS 180/35-65 rep.805 ILCS 180/35-70 rep.Adds reference to:815 ILCS 710/4from Ch. 121 1/2, par. 754Replaces everything after the enacting clause. Amends the Motor Vehicle Franchise Act regarding unfair competition and practices. Provides that it is not a violation for a manufacturer to own or operate a place of business that manufactures only certain diesel engines for installation in trucks having a gross vehicle weight rating of more than 16,000 pounds if specified conditions are met. Applies to a place of business owned by a manufacturer and in operation as of January 1, 2016. Effective immediately.
1/28/2015SenateFiled with Secretary by Sen. John J. Cullerton
1/28/2015SenateFirst Reading
1/28/2015SenateReferred to Assignments
2/19/2015SenateChief Sponsor Changed to Sen. Don Harmon
3/17/2015SenateAssigned to Judiciary
3/18/2015SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
3/18/2015SenateSenate Committee Amendment No. 1 Referred to Assignments
3/24/2015SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
3/24/2015SenateSenate Committee Amendment No. 1 Adopted
3/24/2015SenateDo Pass as Amended Judiciary; 011-000-000
3/24/2015SenatePlaced on Calendar Order of 2nd Reading March 25, 2015
3/25/2015SenateSecond Reading
3/25/2015SenatePlaced on Calendar Order of 3rd Reading March 26, 2015
3/25/2015SenateAdded as Co-Sponsor Sen. Jason A. Barickman
4/17/2015SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon
4/17/2015SenateSenate Floor Amendment No. 2 Referred to Assignments
4/21/2015SenateSenate Floor Amendment No. 2 Assignments Refers to Judiciary
4/22/2015SenateSenate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 011-000-000
4/22/2015SenateRecalled to Second Reading
4/22/2015SenateSenate Floor Amendment No. 2 Adopted; Harmon
4/22/2015SenatePlaced on Calendar Order of 3rd Reading
4/22/2015SenateThird Reading - Passed; 058-000-000
4/23/2015HouseArrived in House
4/23/2015HouseChief House Sponsor Rep. Ron Sandack
4/23/2015HouseFirst Reading
4/23/2015HouseReferred to Rules Committee
5/5/2015HouseAdded Alternate Chief Co-Sponsor Rep. Elaine Nekritz
5/13/2015HouseAdded Alternate Chief Co-Sponsor Rep. Mike Fortner
4/20/2016HouseAlternate Chief Sponsor Changed to Rep. Dan Brady
5/11/2016HouseAssigned to Judiciary - Civil Committee
5/11/2016HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Dan Brady
5/11/2016HouseHouse Committee Amendment No. 1 Referred to Rules Committee
5/12/2016HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
5/13/2016HouseFinal Action Deadline Extended-9(b) May 27, 2016
5/16/2016HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Dan Brady
5/16/2016HouseHouse Committee Amendment No. 2 Referred to Rules Committee
5/16/2016HouseHouse Committee Amendment No. 2 Rules Refers to Judiciary - Civil Committee
5/19/2016HouseHouse Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
5/19/2016HouseHouse Committee Amendment No. 2 Adopted in Judiciary - Civil Committee; by Voice Vote
5/19/2016HouseDo Pass as Amended / Short Debate Judiciary - Civil Committee; 011-000-000
5/19/2016HousePlaced on Calendar 2nd Reading - Short Debate
5/23/2016HouseSecond Reading - Short Debate
5/23/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate
5/24/2016HouseThird Reading - Short Debate - Passed 114-000-000
5/25/2016SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2
5/25/2016SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 26, 2016
5/26/2016SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon
5/26/2016SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
5/26/2016SenateHouse Committee Amendment No. 2 Motion to Concur Filed with Secretary Sen. Don Harmon
5/26/2016SenateHouse Committee Amendment No. 2 Motion to Concur Referred to Assignments
5/26/2016SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Transportation
5/26/2016SenateHouse Committee Amendment No. 2 Motion to Concur Assignments Referred to Transportation
5/29/2016SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Transportation; 011-000-000
5/29/2016SenateHouse Committee Amendment No. 2 Motion To Concur Recommended Do Adopt Transportation; 011-000-000
5/31/2016SenateHouse Committee Amendment No. 1 Senate Concurs 059-000-000
5/31/2016SenateHouse Committee Amendment No. 2 Senate Concurs 059-000-000
5/31/2016SenateSenate Concurs
5/31/2016SenatePassed Both Houses
6/29/2016SenateSent to the Governor
8/19/2016SenateGovernor Approved
8/19/2016SenateEffective Date August 19, 2016
8/19/2016SenatePublic Act . . . . . . . . . 99-0844