DEL LEG Limited Liability Mergers

On May 16, DEL LEG passed periodic LLC act changes to keep current.

  • DEL passed HB 336, act to amend Delaware Code, DEL LEG 6-18, Delaware LLC act.
  • Part of periodic amendments to the Delaware Limited Liability Company Act (LLC Act) Periodic amendments aim to keep it current and to maintain its national preeminence.
  • Bill Provisions
  • Permitted certificate of merger/ownership, merger to state changes to certificate of formation of surviving domestic LLC in merger as are desired to be effected by merger.
  • Confirm, clarify mechanisms to revoke protected series, LLC terminations, dissolutions.
  • Clarified references to other persons, persons whose approval is required for actions.
  • Permitted certificate of merger of registered series to state amendments to certificate of surviving registered series in merger as are desired to be effected by merger.
  • Legislative History
  • On Mar. 7, 2024, bill was introduced in House; On Apr. 23, 2024, bill passed House.
  • On Apr. 23, 2024, bill was introduced in Senate; on May 16, 2024, bill passed Senate.
  • Effectiveness
  • If enacted, effective Aug. 1, 2024.
  • May 2024 DEL LEG Bill Approval
  • On May 30, 2024, DEL LEG reported bill approval by governor, effective Aug. 1, 2024.
  • Bill HB 337 entered session law as Volume 84, Chapter 266, Advisory No. 36.

Regulators DEL LEG
Entity Types Corp
Reference Vol. 84 Ch. 266 Adv. 36, 5/30/2024; Bill HB336, 5/16/2024; Citation: DEL LEG 6-18;
Functions Compliance; Legal
Countries United States of America
Products Corporate
Regions Am
Rule Type Final
Rule Date 5/16/2024
Effective Date 8/1/2024
Rule Id 212559
Linked to N/A
Reg. Last Update 5/30/2024
Report Section US Consumer

Last substantive update on 06/04/2024