(805 ILCS 180/1-40)
Sec. 1-40. Records to be kept.
(a) Each limited liability company shall keep at the principal place of business of the company named in the articles of organization or other reasonable locations specified in the operating agreement all of the following:
(1) A list of the full name and last known address of
each member setting forth the amount of cash each member has contributed, a description and statement of the agreed value of the other property or services each member has contributed or has agreed to contribute in the future, and the date on which each became a member.
(2) A copy of the articles of organization, as
amended or restated, together with executed copies of any powers of attorney under which any articles, application, or certificate has been executed.
(3) Copies of the limited liability company's
federal, State, and local income tax returns and reports, if any, for the 3 most recent years.
(4) Copies of any then effective written operating
agreement and any amendments thereto and of any financial statements of the limited liability company for the 3 most recent years.
(b) Records kept under this Section may be inspected and copied at the request and expense of any member or legal representative of a deceased member or member under legal disability during ordinary business hours.
(Source: P.A. 90-424, eff. 1-1-98.)
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Last modified: February 18, 2015