(805 ILCS 180/5-1)
Sec. 5-1.
Organization.
(a) One or more persons, other than natural persons under
18 years of age, may organize a limited liability
company by executing and delivering articles of organization
to the Secretary of State as specified in Sections 5-5 and
5-45. The organizers need not be members of the limited
liability company. Each organizer of a limited liability company organized
to engage in the practice of medicine shall be a licensed physician of this
State or an attorney licensed to practice law in this State. The execution
of the articles of
organization constitutes an affirmation by the person, under
penalty of perjury, that the facts stated therein are true.
(b) A limited liability company shall have one or more
members.
(c) A limited liability company is a legal entity distinct from its
members.
(Source: P.A. 93-59, eff. 7-1-03.)
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