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DE HB124
Bill
Status
6/30/2013
Primary Sponsor
Rebecca Walker
Click for details
AI Summary
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Amends registered agent resignation procedures to require 30-day notice to limited partnerships and automatic cancellation of partnership certificates if new agents are not obtained within 30 days.
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Clarifies limited liability limited partnership (LLLP) provisions by specifying applicable Delaware Revised Uniform Partnership Act sections and establishing procedures for reinstatement of canceled statements of qualification.
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Confirms that in mergers, domestications, transfers, conversances, and conversions, partnership interests may remain outstanding rather than being exchanged or canceled.
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Establishes charging orders as the exclusive remedy for judgment creditors to satisfy judgments against a partner's partnership interest, prohibiting attachment, garnishment, foreclosure, or other legal remedies.
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Provides effective dates of August 1, 2013 for most sections and April 1, 2014 for sections relating to registered agents and LLLP provisions.
Legislative Description
An Act To Amend Title 6 Of The Delaware Code Relating To The Creation, Regulation, Operation And Dissolution Of Domestic Limited Partnerships And The Registration And Regulation Of Foreign Limited Partnerships.
Last Action
Signed by Governor
6/30/2013