RYDER. New Act 805 ILCS 205/Part VII heading new 805 ILCS 205/90 new 805 ILCS 205/95 new 805 ILCS 210/201 from Ch. 106 1/2, par. 152-1 805 ILCS 210/805 new 805 ILCS 210/1204 from Ch. 106 1/2, par. 162-4 Creates the Uniform Partnership Act (1994) to replace the Uniform Partnership Act. The new Act adds provisions concerning continuation of a partnership after a partner's dissociation; fiduciary duties of partners; public filing of statements containing basic information about a partnership; merger of partnerships; and conversion of a partnership to a limited partnership. Provides that a partnership may qualify as a limited liability partnership and establishes the requirements for qualification. Makes the new Act applicable to partnerships formed after January 1, 2000 with certain exceptions; makes the new Act applicable to all partnerships on and after January 1, 2005. Authorizes existing partnerships to elect to be governed by the new Act. Amends the Uniform Partnership Act and the Revised Uniform Limited Partnership Act to make conforming changes and to repeal the Uniform Partnership Act on January 1, 2005. Effective January 1, 2000. 99-05-27 H FILED WITH CLERK 99-06-02 H FIRST READING 99-06-02 H REFERRED TO HOUSE RULES COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary