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DE SB276

Bill

Official Source

Status

Passed

7/13/2016

Primary Sponsor

Bryan Townsend

Click for details

Origin

Senate

148th General Assembly

AI Summary

  • Amends § 1-201 of Title 6 (Delaware Code) to expand the definition of "Person" under the Uniform Commercial Code
  • Adds "statutory trust" to the list of entities defined as a "Person" for purposes of the UCC
  • The definition now includes: individuals, corporations, business trusts, statutory trusts, estates, trusts, partnerships, LLCs, associations, joint ventures, governments, and other legal or commercial entities
  • Takes effect on August 1, 2016

Legislative Description

An Act To Amend Title 6 Of The Delaware Code Relating To The Uniform Commercial Code.

Last Action

Signed by Governor

7/13/2016

Committee Referrals

Economic Development/Banking/Insurance/Commerce6/21/2016
Banking and Business6/14/2016

Full Bill Text

No bill text available