Illinois Statutes

§ 1103 — Effect of failure to qualify

Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 206/ Uniform Partnership Act (1997).·Art. Article 11 - Foreign Limited Liability Partnership
(a)A foreign limited liability partnership transacting business in this State may not maintain an action or proceeding in this State unless it has in effect a statement of foreign qualification.
(b)The failure of a foreign limited liability partnership to have in effect a statement of foreign qualification does not impair the validity of a contract or act of the foreign limited liability partnership or preclude it from defending an action or proceeding in this State.
(c)A limitation on personal liability of a partner is not waived solely by transacting business in this State without a statement of foreign qualification.
(d)If a foreign limited liability partnership transacts business in this State without a statement of foreign qualification, the Secretary of State is its agent for ser

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Legislative History

(Source: P.A. 95-368, eff. 8-23-07.)

Nearby Sections

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