Sec. 1-65. Governing law.

140 words·~1 min read·/il/chapter-805/act-180/1-65

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.