FRITCHEY-CROSS-LANG-MILLER-FRANKS. (CULLERTON) 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 (1997) 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 on or after January 1, 2003 with certain exceptions; makes the new Act applicable to all partnerships on and after January 1, 2008. 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, 2008. Effective January 1, 2003. FEB-05-2002 H FILED WITH CLERK FEB-05-2002 H ADDED AS A JOINT SPONSOR CROSS FEB-05-2002 H FIRST READING FEB-05-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-06-2002 H ASSIGNED TO COMMITTEE JUD-CIVIL LAW FEB-15-2002 H DO PASS/SHORT DEBATE 013-000-000 HJUA FEB-15-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE FEB-20-2002 H ADDED AS A JOINT SPONSOR LANG MAR-22-2002 H SECOND READING-SHORT DEBATE MAR-22-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-01-2002 H PLCD CAL ORDER 3RD READING-SHORT DEBATE APR-02-2002 H ADDED AS A JOINT SPONSOR MILLER APR-02-2002 H ADDED AS A JOINT SPONSOR FRANKS APR-02-2002 H THIRD READING/SHORT DEBATE/PASSED 115-000-000 APR-03-2002 S ARRIVE IN SENATE APR-03-2002 S PLACED CALENDAR ORDER OF FIRST READING 02-04-04 APR-04-2002 S CHIEF SPONSOR CULLERTON APR-04-2002 S FIRST READING APR-04-2002 S REFERRED TO SENATE RULES COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary