reglab/housing_qa huggingface dataset:
805 ILCS 180/1-40
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 1 - General Provisions

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.(c)  The rights under subsection (b) of this Section also extend to a transferee of a distributional interest, but only for a proper purpose.  In order to exercise this right, a transferee must make written demand upon the limited liability company, stating with particularity the records sought to be inspected and the purpose of the demand.(d)  Within 10 days after receiving a demand pursuant to subsection (c):(1)  the company shall provide the information     demanded or, in a record, a description of the information the company will provide, stating a reasonable time within which it will be provided and the place where it will be provided; and(2)  if the company declines to provide any demanded     information, the company shall state its reasons for declining to the transferee in a record.A transferee may exercise the rights under this subsection through a legal representative.(e) If the company fails to comply with this Section, the person making a request or demand may file an action to compel the company to permit the inspection and copying and to obtain such other legal or equitable relief as may be proper. If the court finds that the company failed to comply with the requirements of this Section and, in the case of subsection (c) or (d), the company acted unreasonably, the court may award the plaintiff its reasonable costs and attorney's fees incurred in bringing and prosecuting the action. (Source: P.A. 101-553, eff. 1-1-20.)
805 ILCS 180/1-43
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 1 - General Provisions

Sec. 1-43.     Supplemental principles of law.     Unless displaced by particular  provisions of this Act, the principles of law and equity supplement this Act.    (Source: P.A. 90-424, eff. 1-1-98.)
805 ILCS 180/1-45
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 1 - General Provisions

Sec. 1-45.     (Repealed).     (Source: P.A. 87-1062. Repealed by P.A. 90-424, eff. 1-1-98.)
805 ILCS 180/1-46
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 1 - General Provisions

Sec. 1-46. Applicability of statute of frauds. An operating agreement is enforceable whether or not there is a writing signed or record authenticated by a party against whom enforcement is sought, even if the agreement is not capable of performance within one year of its making.  (Source: P.A. 99-637, eff. 7-1-17.)
805 ILCS 180/1-55
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 1 - General Provisions

Sec. 1-55.     Transaction of business outside of this State.       It is intended by the enactment of this Act that the legal  existence of limited liability companies formed under this  Act be recognized beyond the limits of this State and that,  subject to any reasonable registration requirements, any  limited liability company transacting business outside of this  State be granted the protection of full faith and credit  under Section 1 of Article IV of the Constitution of the  United States.    (Source: P.A. 87-1062.)
805 ILCS 180/1-60
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 1 - General Provisions

Sec. 1-60.         Certain powers reserved to General  Assembly.  The General Assembly shall at all times have power  to prescribe such provisions and limitations as it may deem  advisable, which provisions and limitations shall be binding  upon any and all limited liability companies or foreign  limited liability companies, subject to the provisions of  this Act, and the General Assembly shall have power to amend,  repeal, or modify this Act.    (Source: P.A. 87-1062.)
805 ILCS 180/1-65
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 1 - General Provisions

(805 ILCS 180/1-65)Sec. 1-65. Governing law. The law of this State governs:(1)  the internal affairs and organization of a     limited liability company;(2)  the liability of a member as member and a     manager as manager for the debts, obligations, or other liabilities of a limited liability company;(3)  the internal affairs and establishment of a     series of a limited liability company;(4)  the liability of a member or a manager     associated with a series for the debts, obligations, or other liabilities of the series; and(5)  the liability of a series for the debts,     obligations, or other liabilities of the limited liability company that established the series or for another series established by the limited liability company, and the liability of the limited liability company for the debts, obligations, or other liabilities of a series established by the limited liability company. (Source: P.A. 99-637, eff. 7-1-17.)
805 ILCS 180/Art. 5 heading
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

 Article 5.      Organization
805 ILCS 180/5-1
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-1.     Organization.(a) One or more persons, other than natural persons under  18 years of age, may organize a limited liability  company by executing and delivering articles of organization  to the Secretary of State as specified in Sections 5-5 and  5-45.  The organizers need not be members of the limited  liability company.  Each organizer of a limited liability company organized  to engage in the practice of medicine shall be a licensed physician of this  State or an attorney licensed to practice law in this State.  The execution  of the articles of  organization constitutes an affirmation by the person, under  penalty of perjury, that the facts stated therein are true.(b) A limited liability company shall have one or more  members.(c) A limited liability company is a legal entity distinct from its  members.    (Source: P.A. 93-59, eff. 7-1-03.)
805 ILCS 180/5-5
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-5. Articles of organization.(a) The articles of organization shall set forth all of  the following:(1) The name of the limited liability company and the     address of its principal place of business which may, but need not be a place of business in this State.(2) The purposes for which the limited liability     company is organized, which may be stated to be, or to include, the transaction of any or all lawful businesses for which limited liability companies may be organized under this Act.(3) The name of its registered agent and the address     of its registered office.(4) A confirmation that the limited liability company     complies with the requirement in subsection (b) of Section 5-1 that the company has one or more members at the time of filing or, if the filing is to be effective on a later date, that the company will have one or more members on the date the filing is to be effective.(5) The name and business address of all of the     managers and any member having the authority of a manager.(5.5) The duration of the limited liability company,     which shall be perpetual unless otherwise stated.(6) (Blank).(7) The name and address of each organizer.(8) Any other provision, not inconsistent with law,     that the members elect to set out in the articles of organization for the regulation of the internal affairs of the limited liability company, including any provisions that, under this Act, are required or permitted to be set out in the operating agreement of the limited liability company.(b) A limited liability company is organized at the  time articles of organization are filed by the Secretary of  State or at any later time, not more than 60 days after the  filing of the articles of organization, specified in the  articles of organization.(c) Articles of organization for the organization of a limited liability  company for the purpose of accepting and executing trusts shall not be filed by  the Secretary of State until there is delivered to him or her a statement  executed by the Secretary of Financial and Professional Regulation or successor State board, department, or agency having jurisdiction over the regulation of trust companies that the  organizers of the limited liability company have made arrangements  with the Secretary of Financial and Professional Regulation   or successor State board, department, or agency having jurisdiction over the regulation of trust companies to comply with the  Corporate Fiduciary Act.(d) Articles of organization for the organization of a limited liability  company as a bank or a savings bank must be filed with the Secretary of Financial and Professional Regulation or successor State board, department, or agency having jurisdiction over the regulation of banks or savings banks or,  if the bank or savings bank will be organized under federal law, with the  appropriate federal banking regulator.  (Source: P.A. 98-171, eff. 8-5-13; 99-227, eff. 8-3-15; 99-637, eff. 7-1-17.)
805 ILCS 180/5-10
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-10.     Amendment to articles of organization.     A limited liability company may amend its articles of  organization at any time to add a new  provision or to change or remove an existing provision,  provided that the articles as amended contain only  provisions that are required or permitted in original articles  of organization at the time of amendment.    (Source: P.A. 87-1062.)
805 ILCS 180/5-15
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-15.     Amendment by managers.     A majority of the managers of a limited liability  company may adopt one or more amendments to its articles of  organization without member action to do any of the following:(1) To remove the name and address of any  manager named in the articles  of organization who is no longer a manager.(2) To remove the name and address of the initial  registered agent or the address of the initial registered  office, if a statement of change is on file with the  Secretary of State.(3) To change the company name by substituting the words  "limited liability company" for the abbreviation  "L.L.C." or "LLC" or  vice versa, or by adding a geographical attribution to the  name.(4) To restate its articles of organization as  currently amended; such articles supersede the original  articles and all amendments thereto.    (Source: P.A. 90-424, eff. 1-1-98.)
805 ILCS 180/5-20
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-20.     (Repealed).     (Source: P.A. 87-1062.  Repealed by P.A. 90-424, eff. 1-1-98.)
805 ILCS 180/5-25
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-25. Articles of amendment. The articles of amendment shall be executed and  filed in duplicate and shall set forth the following:(1) The name of the limited liability company.(2) The text of each amendment adopted.(3) A statement that the amendment was approved as     required by the operating agreement or this Act, as applicable.(4) (Blank.)(5) The date on which the amendment is to become     effective, if the amendment is to become effective after the date on which the articles of amendment are filed. The date shall not exceed 30 days after the date of filing by the Secretary of State.       (Source: P.A. 95-368, eff. 8-23-07.)
805 ILCS 180/5-30
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-30. Restated articles of organization. A limited liability company, whenever desired, may  integrate into a single instrument all of the provisions of  its articles of organization which are then in effect and  operative as a result of there having previously been filed  with the Secretary of State one or more instruments under  this Act.  The restated articles of organization shall be  specifically designated as such in the heading.  They shall  state, either in their heading or in an introductory  paragraph, (i) the company's present name if the name has been  changed, (ii) the name under which documents were originally filed, and  (iii) the date of filing of the original articles of organization  by the Secretary of State.  Restated articles of organization  shall also state that they were duly executed and filed in  accordance with the provisions of this Section. Restated articles of organization shall supersede the original articles of organization and all amendments thereto prior to the effective date of filing the restated articles of organization.   (Source: P.A. 98-171, eff. 8-5-13.)
805 ILCS 180/5-35
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-35.     Effect of articles of amendment.     The amendment shall become effective and the articles of  organization shall be deemed to be amended accordingly, as of  the later of:(1) the filing of the articles of amendment by the  Secretary of State; or(2) the time established under the articles of  amendment, not to exceed 30 days after the filing of the  articles of amendment by the Secretary of State.If the amendment restates the articles of organization,  the restated articles of organization shall, upon the  amendment becoming effective, supersede and stand in lieu of  the limited liability company's preexisting articles of  organization.    (Source: P.A. 87-1062.)
805 ILCS 180/5-40
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-40.         Effect of filing of articles of  organization.(a) Upon the filing of the articles of organization by  the Secretary of State, the limited liability company's  existence shall begin, and each of the duplicate copies  stamped "Filed" and marked with the filing date shall be  conclusive evidence, except as against the State, that all  conditions precedent required to be performed by the  organizers have been complied with and that the limited  liability company has been or shall be, on a later date  if so specified in the articles of organization, legally organized  and formed under this Act.(b) If a later date is specified, the articles of  organization may be prevented from becoming effective by an  application for withdrawal executed in the same manner as  the articles of organization and filed with the Secretary of  State on or before the specified effective date.(c) Nothing in this Section shall affect the right of  this State to institute a proceeding to cancel or revoke the  articles of organization or for involuntary dissolution of  the limited liability company or the right of any aggrieved  person to maintain an action to enjoin or obtain other relief  for a violation of or failure to comply with the provisions  of Section 1-10.    (Source: P.A. 87-1062.)
805 ILCS 180/5-45
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-45. Forms, execution, acknowledgement and  filing.(a) All reports required by this Act to be filed in the  Office of the Secretary of State shall be made on forms  prescribed and furnished by the Secretary of State.  Forms for all other documents to be filed in the Office of  the Secretary of State shall be furnished by the Secretary of  State upon request therefor, but the use thereof, unless  otherwise specifically prescribed in this Act, shall not be  mandatory.(b) Whenever any provision of this Act specifically  requires any document to be executed by the limited liability  company in accordance with this Section, unless otherwise  specifically stated in this Act and subject to any additional  provisions of this Act, the document shall be signed as follows:(1) The initial articles of organization shall be     signed by the organizer or organizers.(2) A document filed on behalf of a dissolved limited     liability company that has no members must be signed by the person winding up the company's activities under Section 35-4.(3)  Any other document must be signed by a person     authorized by the limited liability company to sign it.(c) The name of a person signing the document and the  capacity in which the person signs shall be stated beneath  or opposite the person's signature.(d) The execution of any document required by this Act  by a person constitutes an affirmation under the  penalties of perjury that the facts stated therein are true  and that the person has authority to execute the document.(e) When filed in the Office of the Secretary of State, an authorization,  including a power of attorney, to sign a record must be in writing, then sworn  to, verified, or acknowledged.  (Source: P.A. 99-637, eff. 7-1-17.)
805 ILCS 180/5-46
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-46. Electronic filing. Documents or reports transmitted for filing electronically must include the name of the person making the submission. The inclusion shall constitute the affirmation or acknowledgement of the person, under penalties of perjury, that the instrument is his or her act and deed or the act and deed of the limited liability company, as the case may be, and that the facts stated therein are true. Compliance with this Section shall satisfy the signature provisions of Section 5-45 of this Act, which shall otherwise apply.  (Source: P.A. 95-368, eff. 8-23-07.)
805 ILCS 180/5-47
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-47. Statement of correction.(a) Whenever any instrument authorized to be filed with the Secretary of  State under any provision of this Act has been so filed and, as of the date of  the action therein referred to, contains any misstatement of fact,  typographical error, error of transcription, or other error or defect or was  defectively or erroneously executed, such instrument may be corrected by  filing, in accordance with Section 5-45 of this Act, a statement of correction.(b) A statement of correction shall set forth:(1) The name of the limited liability company and the     state or country under the laws of which it is organized.(2) The title of the instrument being corrected and     the date it was filed by the Secretary of State.(3) The inaccuracy, error, or defect to be corrected     and the portion of the instrument in corrected form.(c) A statement of correction shall be executed in the same manner in which  the instrument being corrected was required to be executed.(d) The corrected instrument shall be effective as of the date the original  instrument was filed.(e) A statement of correction shall not:(1) Effect any change or amendment of articles which     would not in all respects have complied with the requirements of this Act at the time of filing the instrument being corrected.(2) Take the place of any document, statement, or     report otherwise required to be filed by this Act.(3) Affect any right or liability accrued or incurred     before such filing, except that any right or liability accrued or incurred by reason of the error or defect being corrected shall be extinguished by such filing if the person having such right has not detrimentally relied on the original instrument.(4) (Blank).(5) (Blank).(6) (Blank).(7) Alter the wording of any resolution as filed in     any document with the Secretary of State and which was in fact adopted by the members or managers. (Source: P.A. 99-637, eff. 7-1-17.)
805 ILCS 180/5-48
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 180/ - Limited Liability Company Act.|Article 5 - Organization

Sec. 5-48.     Petition for refund.(a) Any domestic or foreign limited liability company having authority to  transact business in this State may petition the Secretary of State for a  refund of fees claimed to have been erroneously paid, subject to the following  limitations:(1) No refund shall be made unless a petition for     refund has been filed in accordance with Section 5-45 of this Act within 3 years after the amount to be refunded was paid.(2) If the refund claimed is based upon an instrument     filed with the Secretary of State which contained a misstatement of fact, typographical error, error of transcription, or other error or defect, no refund of any fee shall be made unless a statement of correction has been filed in accordance with Section 5-47 of this Act.(b) The petition for refund shall be executed in accordance with Section  5-45 of this Act and shall set forth the following:(1) The name of the limited liability company and the     state or country under the laws of which it is organized.(2) The amount of the claim.(3) The details of the transaction and all facts upon     which the petitioner relies.(4) Any other information required by rule.(c) If the Secretary of State determines that the amount paid is incorrect,  he or she shall refund to the limited liability company any amount paid in  excess  of the proper amount; provided, however, that no refund shall be made for an  amount less than $200, and any refund in excess of that amount shall be reduced  by $200; and provided further, that such refund shall be made without payment  of interest.    (Source: P.A. 93-59, eff. 7-1-03.)