Small Business Reading Room


Wednesday, June 29, 2005

 

2005 Proposed Amendments are now Corporate Laws

We've talked about the proposed amendments to Delaware's Business Entity Laws in some of our posts last month.

Governor Minner has now signed that proposed legislation into Law.

They are to become effective as of August 1st, 2005.

Highlights include:

• Amendment relating to sales of all or substantially all corporate assets

• Amendment eliminating mandatory delivery fo stock certificates

• Amendments enhancing flexibility of entity conversion

• Amendments clarifying ability to rely on records of and information relationg to alternative business entities


You can view the basic summaries of these amendments at the Division of Corporations website.
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Delaware Intercorp, Inc.
113 Barksdale Professional center
Newark, DE 19711-3258

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