805 ILCS 180/1-46

Current through Public Act 103-1052

Section 805 ILCS 180/1-46 - Applicability of statute of frauds

An operating agreement is enforceable whether or not there is a writing signed or record authenticated by a party against whom enforcement is sought, even if the agreement is not capable of performance within one year of its making.

805 ILCS 180/1-46

Added by P.A. 099-0637,§ 5, eff. 7/1/2017.