Illinois Compiled Statutes 805 Business Organizations: Article 37 - Conversions, Mergers, and Series

• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 37-5
  Definitions. In this Article: "Corporation" means (i) a corporation under the Business Corporation Act of 1983, a predecessor law, or comparable law of another jurisdiction...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 37-10
  Conversion of partnership or limited partnership to limited liability company. (a) A partnership or limited partnership may be converted to a limited liability company...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 37-15
  Effect of conversion; entity unchanged. (a) A partnership or limited partnership that has been converted under this Article is for all purposes the same...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 37-20
  Merger of entities. (a) Pursuant to a plan of merger approved under subsection (c) of this Section, a limited liability company may be merged...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 37-25
  Articles of merger. (a) After approval of the plan of merger under Section 37-20, unless the merger is abandoned under subsection (d) of Section...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 37-30
  Effect of merger. (a) When a merger takes effect: (1) the separate existence of each limited liability company and other entity that is a...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 37-35
  Article not exclusive. This Article does not preclude an entity from being converted or merged under other law. A bank or savings bank that...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 37-40
  Series of members, managers or limited liability company interests. (a) An operating agreement may establish or provide for the establishment of designated series of members,...

Last modified: February 18, 2015