Illinois Compiled Statutes 805 ILCS 180 Limited Liability Company Act. Section 5-50

    (805 ILCS 180/5-50)

    Sec. 5-50. Amendment or dissolution by judicial act. If a person required by Section 5-45 to execute an amendment or articles of dissolution fails or refuses to do so, any other member and any transferee of a limited liability company interest, who is adversely affected by the failure or refusal, may petition a court to direct the amendment or dissolution. If the court finds that the amendment or dissolution is proper and that any person so designated has failed or refused to execute the amendment or articles of dissolution, it shall order the Secretary of State to record an appropriate amendment or dissolution.

(Source: P.A. 90-424, eff. 1-1-98.)

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Last modified: February 18, 2015