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DE HB339
Bill
Status
6/25/2012
Primary Sponsor
William Carson
Click for details
AI Summary
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Eliminates usury defense for obligations between partners arising under partnership agreements or separate writings
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Requires partnerships canceling limited liability partnership status to remove "Limited Liability Partnership," "L.L.P." or "LLP" designation from their name if maintaining a statement of partnership existence
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Restricts use of the word "bank" or variations in partnership names except for banks under state supervision, bank subsidiaries, or partnerships regulated under federal banking laws
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Clarifies filing requirements for domestications and conversions to require disclosure of the entity type involved in the transaction
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Specifies that service of process addresses cannot be the registered agent's address without written consent and clarifies partner count reporting dates for annual reports; effective August 1, 2012
Legislative Description
An Act To Amend Title 6 Of The Delaware Code Relating To The Creation, Regulation, Operation And Dissolution Of Domestic Partnerships And The Registration And Regulation Of Foreign Limited Liability Partnerships.
Last Action
Signed by Governor
6/25/2012