DE HB126

Allows rights or securities of constituent parties in LLC mergers to remain outstanding following the merger, in addition to being exchanged, converted, or cancelled.

Permits rights or securities to remain outstanding during domestication, transfer, continuance, and conversion of LLCs to other jurisdictions or entity types.

Establishes charging orders as the sole and exclusive remedy for judgment creditors to satisfy judgments against LLC member interests, prohibiting attachment, garnishment, foreclosure, or other legal remedies regardless of whether the LLC has one or more members.

Clarifies that all provisions of Delaware's LLC statute apply to both single-member and multi-member LLCs.

Confirms that fiduciary duties apply to LLC managers and members even when not explicitly stated in the LLC agreement, though such duties may be expanded, restricted, or eliminated by agreement.