Bill Status of SB1495  101st General Assembly

Short Description:  LLC-INSPECTION OF RECORDS

Senate Sponsors
Sen. John G. Mulroe

House Sponsors
(Rep. Daniel Didech)

Last Action
DateChamber Action
  8/23/2019SenatePublic Act . . . . . . . . . 101-0553

Statutes Amended In Order of Appearance
805 ILCS 180/1-5
805 ILCS 180/1-40
805 ILCS 180/10-1
805 ILCS 180/10-10
805 ILCS 180/10-15
805 ILCS 180/13-15
805 ILCS 180/15-5
805 ILCS 180/15-20
805 ILCS 180/30-1
805 ILCS 180/35-1
805 ILCS 180/35-45


Synopsis As Introduced
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.

Senate Floor Amendment No. 1
Deletes reference to:
805 ILCS 180/15-5

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.

House Committee Amendment No. 1
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.

Actions 
DateChamber Action
  2/13/2019SenateFiled with Secretary by Sen. John G. Mulroe
  2/13/2019SenateFirst Reading
  2/13/2019SenateReferred to Assignments
  2/27/2019SenateAssigned to Judiciary
  3/5/2019SenatePostponed - Judiciary
  3/12/2019SenateDo Pass Judiciary; 008-000-000
  3/12/2019SenatePlaced on Calendar Order of 2nd Reading March 13, 2019
  3/13/2019SenateSecond Reading
  3/13/2019SenatePlaced on Calendar Order of 3rd Reading March 14, 2019
  4/4/2019SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe
  4/4/2019SenateSenate Floor Amendment No. 1 Referred to Assignments
  4/9/2019SenateSenate Floor Amendment No. 1 Assignments Refers to Judiciary
  4/9/2019SenateSenate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 008-000-000
  4/10/2019SenateRecalled to Second Reading
  4/10/2019SenateSenate Floor Amendment No. 1 Adopted; Mulroe
  4/10/2019SenatePlaced on Calendar Order of 3rd Reading
  4/10/2019SenateThird Reading - Passed; 055-000-000
  4/11/2019HouseArrived in House
  4/12/2019HouseChief House Sponsor Rep. Daniel Didech
  4/12/2019HouseFirst Reading
  4/12/2019HouseReferred to Rules Committee
  4/30/2019HouseAssigned to Judiciary - Civil Committee
  5/1/2019HouseTo Commercial Law Subcommittee
  5/2/2019HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Daniel Didech
  5/2/2019HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  5/7/2019HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
  5/8/2019HouseReported Back To Judiciary - Civil Committee; 005-002-000
  5/9/2019HouseHouse Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
  5/9/2019HouseDo Pass as Amended / Short Debate Judiciary - Civil Committee; 009-005-000
  5/9/2019HousePlaced on Calendar 2nd Reading - Short Debate
  5/16/2019HouseSecond Reading - Short Debate
  5/16/2019HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/22/2019HouseThird Reading - Short Debate - Passed 077-040-001
  5/22/2019SenateSecretary's Desk - Concurrence House Amendment(s) 1
  5/22/2019SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 23, 2019
  5/22/2019SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. John G. Mulroe
  5/22/2019SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
  5/28/2019SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Judiciary
  5/28/2019SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary; 006-000-000
  5/31/2019SenateHouse Committee Amendment No. 1 Senate Concurs 058-000-000
  5/31/2019SenateSenate Concurs
  5/31/2019SenatePassed Both Houses
  6/28/2019SenateSent to the Governor
  8/23/2019SenateGovernor Approved
  8/23/2019SenateEffective Date January 1, 2020
  8/23/2019SenatePublic Act . . . . . . . . . 101-0553