(805 ILCS 180/15-7)
Member and manager's right to payments and reimbursement.
(a) A limited liability company shall reimburse a member or manager for
payments made and indemnify a member or manager for liabilities
incurred by the member or manager in the ordinary course of the business of the
company or for the preservation of its business or property.
(b) A limited liability company shall reimburse a member for an advance to
the company beyond the amount of contribution the member agreed to make.
(c) A payment or advance made by a member that gives rise to an obligation
of a limited liability company under subsection (a) or (b) of this Section
loan to the company upon which interest accrues from the date of the payment or
(d) A member is not entitled to remuneration for services performed for a
limited liability company, except for reasonable compensation for services
rendered in winding up the business of the company.
(Source: P.A. 90-424, eff. 1-1-98.)