Loading chat...

DE SB90

Bill

Status

Passed

6/19/2019

Primary Sponsor

Darius Brown

Click for details

Origin

Senate

150th General Assembly

AI Summary

  • Adds definitions for "document" and "electronic transmission" to the Delaware Revised Uniform Partnership Act, explicitly authorizing partnerships to use distributed ledgers and blockchain technology for electronic communications and record-keeping

  • Requires partnership names to be distinguishable from registered series of limited partnerships, in addition to existing requirements for other entity types

  • Allows registered agents to resign without appointing a successor when a partnership's statement has been cancelled or revoked, with new requirements for filing certificates of resignation including communications contact information

  • Establishes safe harbor provisions for documenting partnership transactions, signing documents, and delivering documents through electronic means such as DocuSign, with specific rules for when electronic transmissions are considered delivered

  • Updates Secretary of State fee schedules, including increasing record search fees from $50 to up to $100 and adding fees for online certificate services up to $175

Legislative Description

An Act To Amend Chapter 15, Title 6 Of The Delaware Code Relating To The Creation, Regulation, Operation And Dissolution Of Domestic Partnerships And The Registration And Regulation Of Foreign Limited Liability Partnerships.

Last Action

Signed by Governor

6/19/2019

Committee Referrals

Judiciary6/5/2019
Judicial5/9/2019

Full Bill Text

No bill text available