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DE SB196

Bill

Official Source

Status

Passed

7/23/2018

Primary Sponsor

Brian Bushweller

Click for details

Origin

Senate

149th General Assembly

AI Summary

  • Amends Delaware Uniform Commercial Code Section 1-201(b)(27) to expressly include series of legal entities as "persons" under the Act.

  • Amends Section 9-102(a)(71) to recognize a series of a registered organization as a registered organization if formed under state law with required public organic record filing.

  • Clarifies that series of corporations, business trusts, partnerships, limited liability companies, and other entities qualify as legal persons in commercial transactions.

  • Becomes effective August 1, 2019.

Legislative Description

An Act To Amend Title 6 Of The Delaware Code Relating To Commerce And Trade.

Last Action

Signed by Governor

7/23/2018

Committee Referrals

Economic Development/Banking/Insurance/Commerce5/30/2018
Banking, Business & Insurance5/3/2018

Full Bill Text

No bill text available