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<xml>
<title>Illinois General Assembly - Bill Status for HB 5093         </title>
<shortdesc>LLC REVOCATION OF TERMINATION</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Justin Slaughter</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>805 ILCS 180/35-22 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Limited Liability Company Act. Provides that a limited liability company may revoke its termination within 90 days after the effective date of the termination, or longer if the limited liability company pays a penalty, if it has not begun to distribute its assets. Requires the limited liability company to file articles of revocation of termination. Sets forth the contents of the articles of termination. Provides that after filing the articles of revocation, the limited liability company may resume business as if the termination had never occurred.</SynopsisText></synopsis>
<actions>
<statusdate>2/13/2020</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Justin Slaughter</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/17/2020</statusdate><chamber>House</chamber><action>Assigned to Labor &amp; Commerce Committee</action>
<statusdate>6/23/2020</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

