Loading chat...

DE HB261

Bill

Official Source

Status

Introduced

6/30/2019

Primary Sponsor

Michael Smith

Click for details

Origin

House of Representatives

150th General Assembly

AI Summary

  • Amend Delaware Code Title 8, Section 226 to add a new subsection requiring custodians or receivers appointed by the Court of Chancery to itemize and publicly disclose all costs incurred in their capacity
  • Apply the public disclosure requirement to custodians and receivers appointed in cases involving corporate deadlock, insolvency, or abandonment of business
  • Renumber existing subsection (c) regarding charitable nonstock corporations as subsection (d) to accommodate the new disclosure requirement
  • Require transparency in fees and expenses charged by court-appointed custodians and receivers in Delaware corporations

Legislative Description

An Act To Amend Title 8 Of The Delaware Code Relating To Public Disclosure Of Fees In The Court Of Chancery.

Last Action

Stricken in House

1/16/2020

Committee Referrals

Judiciary6/30/2019

Full Bill Text

No bill text available