Statutes, codes, and regulations
Illinois Compiled Statutes
BUSINESS AND EMPLOYMENTChapter 805 - BUSINESS ORGANIZATIONSSubchapter - LIMITED LIABILITY COMPANIESAct 180 - LIMITED LIABILITY COMPANY ACT
Article 13 - RELATIONS OF MEMBERS AND MANAGERS TO PERSONS DEALING WITH LIMITED LIABILITY COMPANY
Section 805 ILCS 180/13-10 - Limited liability company liable for member or manager's actionable conduct

805 ILCS 180/13-10

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Current through Public Act 103-593
Section 805 ILCS 180/13-10 - Limited liability company liable for member or manager's actionable conduct

A limited liability company is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other actionable conduct, of a member or manager acting in the ordinary course of business of the company or with authority of the company.

805 ILCS 180/13-10

P.A. 90-424, eff. 1/1/1998.