§ 5-15 — Amendment by managers

Illinois § 5-15

• Jurisdiction: Illinois
• Topic: BUSINESS AND EMPLOYMENT
• Ch. 805: BUSINESS ORGANIZATIONS
• Act 805 ILCS 180/: Limited Liability Company Act.
• Art.: Article 5 - Organization

Text

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.

Legislative History

(Source: P.A. 90-424, eff. 1-1-98.)