LLCA-MEMBER MANAGER AUTHORITY House SponsorsRep. JoAnn D. Osmond Senate Sponsors(Sen. Don Harmon) 8/11/2009HousePublic Act . . . . . . . . . 96-0263 805 ILCS 180/15-3 Amends the Limited Liability Corporation Act. Provides that in a manager-managed company a member is held to specified standards of conduct to the extent that the member exercises the managerial authority vested in a manager by this Act (rather than a member who pursuant to the operating agreement exercises some or all of the authority of a manager in the management and conduct of the company's business is held to specified standards of conduct to the extent that the member exercises the managerial authority vested in a manager by this Act). 2/13/2009HouseFiled with the Clerk by Rep. JoAnn D. Osmond 2/18/2009HouseFirst Reading 2/18/2009HouseReferred to Rules Committee 2/23/2009HouseAssigned to Judiciary I - Civil Law Committee 3/4/2009HouseDo Pass / Short Debate Judiciary I - Civil Law Committee; 017-000-000 3/4/2009HousePlaced on Calendar 2nd Reading - Short Debate 3/23/2009HouseSecond Reading - Short Debate 3/23/2009HouseHeld on Calendar Order of Second Reading - Short Debate 3/24/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/24/2009HouseThird Reading - Short Debate - Passed 114-000-000 3/25/2009SenateArrive in Senate 3/25/2009SenatePlaced on Calendar Order of First Reading March 26, 2009 3/25/2009SenateChief Senate Sponsor Sen. Don Harmon 3/26/2009SenateFirst Reading 3/26/2009SenateReferred to Assignments 4/15/2009SenateAssigned to Judiciary 4/22/2009SenateDo Pass Judiciary; 010-000-000 4/22/2009SenatePlaced on Calendar Order of 2nd Reading April 23, 2009 5/12/2009SenateSecond Reading 5/12/2009SenatePlaced on Calendar Order of 3rd Reading May 13, 2009 5/14/2009SenateThird Reading - Passed; 056-000-000 5/14/2009HousePassed Both Houses 6/12/2009HouseSent to the Governor 8/11/2009HouseGovernor Approved 8/11/2009HouseEffective Date January 1, 2010 8/11/2009HousePublic Act . . . . . . . . . 96-0263