Chapter 805 - Business Organizations - Limited Liability Company Act.

(805 ILCS 180/Art. 55 heading)

Article 55. Miscellaneous

(805 ILCS 180/55- 1)
Sec. 55- 1. Construction and application. This Act shall be so applied and construed to effectuate its general purpose.
(Source: P.A. 87- 1062.)

(805 ILCS 180/55- 2)
Sec. 55- 2. Construction; attorneys at law. The provisions of this Act are applicable to attorneys at law only to the extent and under such terms and conditions as the Supreme Court of Illinois determines to be necessary and appropriate. Articles of organization of limited liability companies formed to practice law shall contain such provisions as may be appropriate to comply with applicable rules of the Supreme Court.
(Source: P.A. 89- 686, eff. 12- 31- 96.)

    (805 ILCS 180/55- 5)
    Sec. 55- 5. Judicial review under the Administrative Review Law.
    (a) If the Secretary of State shall fail to approve any document required by this Act to be approved by the Secretary of State before the document shall be filed in his or her office, the Secretary of State shall, within 10 business days after the delivery thereof to him or her, give written notice of the disapproval thereof to the person delivering the document, specifying the reasons therefor. The decision of the Secretary of State is subject to judicial review under the Administrative Review Law.
    (b) If the Secretary of State shall revoke any admission of any foreign limited liability company under this Act, the decision shall be subject to judicial review under the Administrative Review Law.
    (c) Appeals may be taken from all final orders and judgments entered by the circuit court under this Section in review of any ruling or decision of the Secretary of State may be taken as in other civil actions by either party to the proceeding.
(Source: P.A. 87- 1062.)

(805 ILCS 180/55- 10)
Sec. 55- 10. Illinois Administrative Procedure Act. The Illinois Administrative Procedure Act is hereby expressly adopted and incorporated herein as if all of the provisions of that Act were included in this Act, except that the provisions of subsection (d) of Section 10- 65 of the Illinois Administrative Procedure Act, which provides that at hearing the licensee has the right to show compliance with all lawful requirements for retention, continuation, or renewal of the license, is specifically excluded, and for the purposes of this Act, the notice required under Section 10- 25 of the Illinois Administrative Procedure Act is deemed sufficient when mailed to the last known address of a party.
(Source: P.A. 88- 670, eff. 12- 2- 94; 89- 626, eff. 8- 9- 96.)

    (805 ILCS 180/55- 15)
    Sec. 55- 15. Transitional provisions.
    (a) Before January 1, 2000, this amendatory Act of 1997 governs only a limited liability company:
        (1) organized on or after the effective date of this

amendatory Act of 1997, unless the company is continuing the business of a dissolved limited liability company under this Act; and

(2) organized before the effective date of this

amendatory Act of 1997, that elects, as provided under subsection (c) of this Section, to be governed by this amendatory Act of 1997.

(b) On and after January 1, 2000, this amendatory Act of 1997 governs all limited liability companies.
(c) Before January 1, 2000, a limited liability company voluntarily may elect, in the manner provided in its operating agreement or by law for amending the operating agreement, to be governed by this amendatory Act of 1997.
(Source: P.A. 90- 424, eff. 1- 1- 98.)