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DE SB90
Bill
AI Summary
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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
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Requires partnership names to be distinguishable from registered series of limited partnerships, in addition to existing requirements for other entity types
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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
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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
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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