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16Dec

Illinois Appellate Court finds Building Contractor is Without Legal Capacity to Bring Counterclaims 3 1/2 years after Dissolution

The Illinois Limited Liability Company Act (Act) permits an LLC to continue after dissolution solely to wind up its business, and only for a reasonable time. In Sienna Court Condominium Assoc. v. Champion Aluminum Corp., 2017 IL App. (1st) 143364,...
By: Novack and Macey LLP
Source Url: https://www.jdsupra.com/legalnews/illinois-appellate-court-finds-building-55114/

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