Senate Bill 91 - Summary

• Adds definitions for "document" and "electronic transmission" to Delaware's Limited Liability Company Act, enabling electronic documentation and signing of LLC transactions similar to DocuSign and comparable methods.

• Establishes that registered agents of cancelled LLCs may resign without appointing a successor, with specific requirements for notice and communications contact information to be included in resignation certificates.

• Clarifies that LLC names must distinguish themselves from registered series of limited partnerships, and updates definitions of "manager" and "member" to explicitly include those associated with series of the LLC.

• Enables contractual appraisal rights in connection with LLC divisions, conversions between protected and registered series, and mergers involving registered series as constituent parties.

• Amends fee provisions in Section 18-1105 for Secretary of State services, including fees for certified copies, uncertified copies, record search reports, and online certificate issuance; effective August 1, 2019.