Fabio
89 lines
4.8 KiB
Markdown
89 lines
4.8 KiB
Markdown
---
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type: "Bill"
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title: "LIMITED LIABILITY COMPANY"
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description: "Amends the Limited Liability Company Act. Provides that specified provisions under the Act do not limit the personal liability of a member or manager imposed under law other than the Act, including, but not limited to, the law of agency, contracts, and torts, and, subject to specified provisions, court imposed equitable remedies, such as piercing the limited liability company veil. Provides that the provisions apply to all actions with respect to which all timely appeals have not been exhausted before the effective date of the amendatory Act and all future actions commenced on or after the effective date of the amendatory Act. Makes other changes."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "103rd"
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identifier: "SB 2765"
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citation: "Illinois SB 2765 (103rd)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Daniel Didech", "Robert F. Martwick"]
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version_count: 3
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action_count: 25
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vote_count: 4
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first_action: "2024-01-16"
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last_action: "2024-08-09"
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source: "openstates"
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source_identifier: "ocd-bill/2261395f-f8ac-4679-9167-16933f3bc6aa"
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source_url: "https://beta.ilga.gov/Legislation/BillStatus?DocNum=2765&GAID=17&DocTypeID=SB&LegId=151528&SessionID=112"
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source_hash: "cf740ea63cdb1409e63ab731a160dd135a15ea765e6d7ff6719c90207b8c9a0a"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 2765 (103rd) — LIMITED LIABILITY COMPANY
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Amends the Limited Liability Company Act. Provides that specified provisions under the Act do not limit the personal liability of a member or manager imposed under law other than the Act, including, but not limited to, the law of agency, contracts, and torts, and, subject to specified provisions, court imposed equitable remedies, such as piercing the limited liability company veil. Provides that the provisions apply to all actions with respect to which all timely appeals have not been exhausted before the effective date of the amendatory Act and all future actions commenced on or after the effective date of the amendatory Act. Makes other changes.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB2765.pdf)
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2. **Engrossed** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB2765eng.pdf)
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3. **Enrolled** (enrolled) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB2765enr.pdf)
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## Votes
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- Third Reading — **37–19** (pass) · lower
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- Third Reading — **72–41** (pass) · lower
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- Third Reading — **10–4** (pass) · lower
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- Judiciary — **6–3** (pass) · lower
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## Sponsors
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- Daniel Didech — primary (person)
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- Robert F. Martwick — primary (person)
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- Stephanie A. Kifowit — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-01-16** Filed with Secretary by Sen. Robert F. Martwick `filing`
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- **2024-01-16** First Reading `reading-1`
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- **2024-01-16** Referred to Assignments
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- **2024-01-31** Assigned to Judiciary `referral-committee`
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- **2024-02-07** Do Pass Judiciary; 006-003-000
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- **2024-02-07** Placed on Calendar Order of 2nd Reading February 8, 2024 `reading-2`
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- **2024-03-21** Second Reading `reading-2`
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- **2024-03-21** Placed on Calendar Order of 3rd Reading March 22, 2024
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- **2024-04-11** Third Reading - Passed; 037-019-002 `passage, reading-3`
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- **2024-04-11** Arrived in House `introduction`
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- **2024-04-12** Chief House Sponsor Rep. Daniel Didech
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- **2024-04-15** First Reading `reading-1`
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- **2024-04-15** Referred to Rules Committee
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- **2024-04-24** Assigned to Judiciary - Civil Committee `referral-committee`
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- **2024-05-01** Do Pass / Short Debate Judiciary - Civil Committee; 010-004-000
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- **2024-05-01** Placed on Calendar 2nd Reading - Short Debate `reading-2`
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- **2024-05-06** Second Reading - Short Debate `reading-2`
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- **2024-05-06** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2024-05-08** Added Alternate Chief Co-Sponsor Rep. Stephanie A. Kifowit
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- **2024-05-15** Third Reading - Short Debate - Passed 072-041-000 `passage, reading-3`
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- **2024-05-15** Passed Both Houses
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- **2024-06-13** Sent to the Governor `executive-receipt`
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- **2024-08-09** Governor Approved `executive-signature`
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- **2024-08-09** Effective Date January 1, 2025
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- **2024-08-09** Public Act . . . . . . . . . 103-0920 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/2261395f-f8ac-4679-9167-16933f3bc6aa`. Confidence: reported (aggregated from official Illinois legislature records).
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