DE SB236

Adds language to Section 102(b)(6) clarifying that stockholder liability provisions in a certificate of incorporation must be based solely on stock ownership, not on other conduct or status.

Creates new Section 331 establishing that corporation bylaws and certificates of incorporation cannot impose monetary liability or responsibility for debts on stockholders except as permitted under Sections 102(b)(6) and 202.

Amends Section 114(b)(2) to exclude new Section 331 from provisions that do not apply to non-stock corporations, limiting the ATP Tours holding to non-stock corporations only.

Effective date is August 1, 2014.