2017 Amendments to the Illinois Limited Liability Company Act: What You Need to Know

April 13, 2017
12:55 – 5:00 p.m.
3.75 MCLE hours
Presented by Business and Securities Law

Chicago
ISBA Regional Office
20 S. Clark Street, Suite 900
(map and directions)
Or Online Course

 

Click here to register for the CHICAGO program.

Click here to register for the LIVE WEBCAST.

 

Don’t miss this half-day seminar that explores a number of things you need to know about the 2017 Amendments to the Illinois Limited Liability Company Act, including how the Act existed prior to the amendments (compared to how it exists after), the critical changes to the provisions of the Act, what affect the amendments will have on operating agreements, and how the amendments change certain mandatory rules. Additional topics include:

  • An explanation of the process of Institute and its LLC Committee;
  • The rights and obligations of transferees, dissociated members, and creditors;
  • Changes to third party rights;
  • Changes to fiduciary obligations;
  • Indemnification and insurance issues;
  • The formation, reporting, dissolution, and termination reporting requirements;
  • How the amendments provide for new drafting considerations and possibilities;
  • Electronic records and signatures;
  • Annual reports; and
  • Much more.

 

Program Coordinator:
Cory White, The International Business Law Group, Chicago

Program Moderator:
Philip N. Hablutzel
, Chicago-Kent College of Law (Professor-Emeritus), Chicago

Program Speakers:
John L. Eisel
, Locke Lord LLP, Chicago
Steven G. Frost, Institute of Illinois Business Law, Chicago
Robin Heiss, Institute of Illinois Business Law, Chicago
Charles W. Murdock, Loyola University Law School, Chicago