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Illinois Compiled Statutes

805 ILCS 206/1206 (2026)

Applicability

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(805 ILCS 206/1206)
    Sec. 1206. Applicability.
    (a) Before January 1, 2008, this Act governs only a partnership formed:
        (1) on or after January 1, 2003, except a partnership
    
that is continuing the business of a dissolved partnership under Section 33 of the superseded Uniform Partnership Act; and
        (2) before January 1, 2003, that elects, as provided
    
by subsection (c) of this Section, to be governed by this Act.
    (b) On and after January 1, 2008, this Act governs all partnerships.
    (c) Before January 1, 2008, a partnership voluntarily may elect, in the manner provided in its partnership agreement or by law for amending the partnership agreement, to be governed by this Act. The provisions of this Act relating to the liability of the partnership's partners to third parties apply to limit those partners' liability to a third party who had done business with the partnership within one year before the partnership's election to be governed by this Act only if the third party knows or has received a notification of the partnership's election to be governed by this Act.
(Source: P.A. 92-740, eff. 1-1-03.)

    
Notes of Decisions
Cited in 3 cases (1 in the last 5 years), 2018–2023 · leading case: Alwan v. Kickapoo-Edwards Land Trust, 2018 IL App (3d) 170165, 93 N.E.3d 719.
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Alwan v. Kickapoo-Edwards Land Trust, 2018 IL App (3d) 170165, 93 N.E.3d 719. · cites it 3× “" 805 ILCS 206/1206(a) - (c) (West 2016). ¶ 15 In order to answer the certified question we must determine whether the 1997 Act had retroactive effect.”
Alwan v. Kickapoo-Edwards Land Trust, 2018 IL App (3d) 170165. “” 805 ILCS 206/1206(a)-(c) (West 2016). ¶ 15 In order to answer the certified question we must determine whether the 1997 Act had retroactive effect.”
Schwartz v. Schwartz, 2023 IL App (1st) 221707-U. “See 805 ILCS 206/1206(b) (West 2022). If a partnership agreement exists, however, the agreement “governs the relations among the partners and between the partners and the partnership.”
805 ILCS 206/1206(a): 2 cases
Alwan v. Kickapoo-Edwards Land Trust, 2018 IL App (3d) 170165, 93 N.E.3d 719. “" 805 ILCS 206/1206(a) - (c) (West 2016). ¶ 15 In order to answer the certified question we must determine whether the 1997 Act had retroactive effect.”
Alwan v. Kickapoo-Edwards Land Trust, 2018 IL App (3d) 170165. “” 805 ILCS 206/1206(a)-(c) (West 2016). ¶ 15 In order to answer the certified question we must determine whether the 1997 Act had retroactive effect.”
805 ILCS 206/1206(b): 2 cases
Alwan v. Kickapoo-Edwards Land Trust, 2018 IL App (3d) 170165, 93 N.E.3d 719. “" 805 ILCS 206/1206(a) - (c) (West 2016). ¶ 15 In order to answer the certified question we must determine whether the 1997 Act had retroactive effect.”
Schwartz v. Schwartz, 2023 IL App (1st) 221707-U. “See 805 ILCS 206/1206(b) (West 2022). If a partnership agreement exists, however, the agreement “governs the relations among the partners and between the partners and the partnership.”
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