The bill would amend the Civil Practice and Remedies Code to allow, under certain circumstances, a person to recover reasonable attorney's fees in addition to the amount of a valid claim and costs from a limited liability company.

The bill would take September 1, 2021 and would apply only to an award of attorney 's fees in an action commenced on or after the effective date of the bill. An award of attorney 's fees in an action commenced before the effective date of the bill would be governed by the law applicable to the award immediately before the effective date of this Act, and that law would be continued in effect for that purpose.

Based on information provided by the Office of Court Administration, no significant fiscal impact to the state court system is anticipated as a result from implementing the provisions of the bill.