House Bill 344 Summary

• Corrects cross-references and clarifies naming requirements for limited liability companies and registered series in Delaware formation documents.

• Eliminates Secretary of State's requirement to issue certified copies when registered agents change addresses or names, and deems agent conversions or divisions as name changes.

• Confirms that no statutory appraisal rights exist for LLC interests in transactions like mergers, conversions, or asset sales unless otherwise provided in governing documents.

• Amends member admission provisions to allow flexibility in LLC agreements regarding when members are admitted and eliminates requirement that admission be reflected in LLC records.

• Allows LLCs to maintain records in electronic or digital form (rather than paper only) if convertible to paper within reasonable time, and clarifies signature requirements to include electronic signatures.