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Paul Porvaznik – Business Litigator

Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)

Tag Archives: #LLC #limited liability company

Binding LLC to Operating Agreement A Substantive Change in Illinois Law; No Retroactive Effect – IL Court

The summer of 2017 ushered in a slew of changes, to Illinois’ limited liability company statute, 805 ILCS 180/15-1 et seq. (the “Act”).  Some of the key Act amendments included clarifying LLC member rights to access company records, explaining if and when a member or manager’s fiduciary duties can be eliminated or reduced, tweaking the …

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Posted byPaulPJanuary 15, 2018January 17, 2018Posted inCorporate, TortsTags: #LLC #limited liability company, 2017, business torts, conversion, Illinois, operating agreement, standing, SUBSTANTIVE PROCEDURAL LEGISLATION, tortious interference
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