LLC-MEMBER-MANAGED CONDUCT Senate SponsorsSen. Don Harmon and Martin A. Sandoval House Sponsors(Rep. JoAnn D. Osmond) 1/12/2011SenateSession Sine Die 805 ILCS 180/15-3Amends the Limited Liability Company Act. Provides that a member of a manager-managed company is held to specified standards of conduct to the extent that the member exercises the managerial authority vested in a manager under the Act (rather than applying such standards to 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). 1/30/2009SenateFiled with Secretary by Sen. Don Harmon 1/30/2009SenateFirst Reading 1/30/2009SenateReferred to Assignments 2/4/2009SenateAssigned to Judiciary 2/10/2009SenateDo Pass Judiciary; 010-000-000 2/10/2009SenatePlaced on Calendar Order of 2nd Reading February 11, 2009 2/27/2009SenateSecond Reading 2/27/2009SenatePlaced on Calendar Order of 3rd Reading March 4, 2009 4/1/2009SenatePlaced on Calendar Order of 3rd Reading ** April 2, 2009 4/2/2009SenateThird Reading - Passed; 059-000-000 4/3/2009HouseArrived in House 4/3/2009HousePlaced on Calendar Order of First Reading 4/3/2009HouseChief House Sponsor Rep. JoAnn D. Osmond 4/6/2009HouseFirst Reading 4/6/2009HouseReferred to Rules Committee 4/20/2009HouseAssigned to Executive Committee 5/8/2009HouseRule 19(a) / Re-referred to Rules Committee 3/24/2010SenateAdded as Co-Sponsor Sen. Martin A. Sandoval 1/12/2011SenateSession Sine Die