Illinois Compiled Statutes 805 Business Organizations: Article 25 - Distributions

• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 25-1
  Interim distributions. (a) Any distributions made by a limited liability company before its dissolution and winding up must be in equal shares. (b) A...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 25-5
  (Repealed). (Source: P.A. 87-1062. Repealed by P.A. 90-424, eff. 1-1-98.)
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 25-10
  (Repealed). (Source: P.A. 87-1062. Repealed by P.A. 90-424, eff. 1-1-98.)
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 25-15
  (Repealed). (Source: P.A. 87-1062. Repealed by P.A. 90-424, eff. 1-1-98.)
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 25-20
  Right to distribution. At the time a member becomes entitled to receive a distribution, the member has the status of and is entitled to...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 25-25
  (Repealed). (Source: P.A. 87-1062. Repealed by P.A. 90-424, eff. 1-1-98.)
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 25-30
  Limitations on distributions. (a) A distribution may not be made if: (1) the limited liability company would not be able to pay its debts...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 25-35
  Liability for unlawful distributions. (a) A member of a member-managed company or a member or manager of a manager-managed company who votes for or...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 25-45
  Known claims against dissolved limited liability company. (a) A dissolved limited liability company may dispose of the known claims against it by following the...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 25-50
  Other claims against dissolved limited liability company. (a) A dissolved limited liability company may publish notice of its dissolution and request persons having claims...

Last modified: February 18, 2015