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DE HB297

Bill

Official Source

Status

Passed

1/26/2010

Primary Sponsor

George

Click for details

Origin

House of Representatives

145th General Assembly

AI Summary

  • Amends Section 503(i) of Title 8 (Delaware General Corporation Law) to require corporations reporting on a consolidated basis to submit consolidating ending balance sheets as reconciliation of reported total assets to consolidated total assets.

  • Repeals Section 506 of Title 8 in its entirety.

  • Effective retroactively as of January 1, 2006.

  • Confirms existing statutes and practices related to the administration of the corporation franchise tax.

Legislative Description

An Act To Amend Title 8 Of The Delaware Code Relating To The Delaware General Corporation Law.

Last Action

Signed by Governor

1/26/2010

Committee Referrals

Judiciary1/14/2010
Judiciary1/7/2010

Full Bill Text

No bill text available