Illinois Compiled Statutes 805 Business Organizations: Article 40 - Derivative Actions

• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 40-1
  Right of action. No action shall be brought by a member, or transferee who is entitled to exercise the rights of a member to...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 40-5
  Proper plaintiff. No action shall be brought in the right of a limited liability company by a member or transferee who is a substituted...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 40-10
  Pleading. In a derivative action, the complaint shall set forth with particularity the effort of the plaintiff to secure initiation of the action by...
• Illinois Limited Liability Company Act. - 805 ILCS 180, Section 40-15
  Expenses. If a derivative action is successful, in whole or in part, or if anything is received by the plaintiff as a result of...

Last modified: February 18, 2015