Small Business Reading Room


Monday, July 02, 2012

The Delaware Corporate Legislation Tracker - 146th General Assembly comes to a close

The Delaware General Assembly has concluded it's 146th session.

So what happened that impacts you, and your Delaware Business?

The Delaware Corporate Legislation Tracker is a free service offered by our firm,  designed to keep you informed on current and pending legislation related to the Delaware Code, Delaware Corporate rules, regulations, and Delaware business matters.

Here's what is happening in Delaware Law:


The following Legislation affecting Title 8 - Corporations was acted upon by the General Assembly on 6/29/2012:




HB 342
Title:  AN ACT TO AMEND TITLE 8 OF THE DELAWARE CODE RELATING TO THE GENERAL CORPORATION LAW.


Synopsis:

This bill continues the practice of amending periodically the Delaware General Corporation Law (the “DGCL”) to keep it current and to maintain its national preeminence.

Bill History:

Jun 29, 2012 - Signed by Governor
Jun 19, 2012 - Passed by Senate.
Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
Jun 13, 2012 - Reported Out of Committee (JUDICIARY) in Senate with 5 On Its Merits
May 23, 2012 - Assigned to Judiciary Committee in Senate
May 17, 2012 - Passed by House of Representatives.
Votes: Passed 36 YES 0 NO 0 NOT VOTING 5 ABSENT 0 VACANT
May 16, 2012 - Reported Out of Committee (JUDICIARY) in House with 7 On Its Merits
May 10, 2012 - Introduced and Assigned to Judiciary Committee in House




The following Legislation affecting Title 12 - Decedents' Estates and Fiduciary Relations was acted upon by the General Assembly on 6/28/2012:




SB 218
Title:  AN ACT TO AMEND CHAPTER 38, TITLE 12 OF THE DELAWARE CODE RELATING TO THE CREATION, REGULATION, OPERATION AND DISSOLUTION OF DOMESTIC STATUTORY TRUSTS.



Synopsis:
This bill proposes changes to Delaware Statutory Trust Act (the “Act”) to keep it current and to maintain its national preeminence.


Bill History:

Jun 28, 2012 - Signed by Governor
Jun 21, 2012 - Passed by House of Representatives.
Votes: Passed 40 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
Jun 13, 2012 - Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 11 On Its Merits
Jun 06, 2012 - Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
Jun 05, 2012 - Passed by Senate.
Votes: Passed 20 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
May 16, 2012 - Reported Out of Committee (BANKING) in Senate with 6 On Its Merits
May 09, 2012 - Assigned to Banking Committee in Senate







The following Legislation affecting Title 12 - Decedents' Estates and Fiduciary Relations was acted upon by the General Assembly on 6/27/2012:


HB 396
Title:   AN ACT TO AMEND TITLE 12 OF THE DELAWARE CODE RELATING TO ADMINISTRATION OF DECEDENTS’ ESTATES.



Synopsis:
Existing Delaware law does not address estate property interests in digital assets and digital accounts. This bill will provide executors and administrators of estates control of deceased persons’ digital assets and digital accounts during the probate process. This bill will identify the service providers’ obligations to provide access and control of the assets and accounts.

Bill History:

Jun 27, 2012 - Amendment HA 2 - Introduced and Placed With Bill
Jun 27, 2012 - Amendment HA 1 - Introduced and Placed With Bill
Jun 20, 2012 - Reported Out of Committee (TELECOMMUNICATION INTERNET & TECHNOLOGY) in House with 6 On Its Merits
Jun 19, 2012 - Introduced and Assigned to Telecommunication Internet & Technology Committee in House




The following Legislation affecting Title 6 - Commerce and Trade was acted upon by the General Assembly on 6/25/2012:




HB 338
Title:  AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO THE CREATION, REGULATION, OPERATION AND DISSOLUTION OF DOMESTIC LIMITED LIABILITY COMPANIES AND THE REGISTRATION AND REGULATION OF FOREIGN LIMITED LIABILITY COMPANIES.



Synopsis:
This bill continues the practice of amending periodically the Delaware Limited Liability Company Act (the "Act") to keep it current and to maintain its national preeminence.


Bill History:

Jun 25, 2012 - Signed by Governor
Jun 19, 2012 - Passed by Senate.
Votes: Passed 17 YES 0 NO 0 NOT VOTING 4 ABSENT 0 VACANT
Jun 13, 2012 - Reported Out of Committee (JUDICIARY) in Senate with 5 On Its Merits
May 23, 2012 - Assigned to Judiciary Committee in Senate
May 17, 2012 - Passed by House of Representatives.
Votes: Passed 38 YES 0 NO 0 NOT VOTING 3 ABSENT 0 VACANT
May 16, 2012 - Reported Out of Committee (JUDICIARY) in House with 8 On Its Merits
May 10, 2012 - Introduced and Assigned to Judiciary Committee in House







HB 339
Title:  AN ACT TO AMEND 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.



Synopsis:
This bill continues the practice of amending periodically the Delaware Revised Uniform Partnership Act (the "Act") to keep it current and to maintain its national preeminence.


Bill History:

Jun 25, 2012 - Signed by Governor
Jun 19, 2012 - Passed by Senate.
Votes: Passed 17 YES 0 NO 0 NOT VOTING 4 ABSENT 0 VACANT
Jun 13, 2012 - Reported Out of Committee (JUDICIARY) in Senate with 5 On Its Merits
May 23, 2012 - Assigned to Judiciary Committee in Senate
May 17, 2012 - Passed by House of Representatives. 
Votes: Passed 37 YES 0 NO 0 NOT VOTING 4 ABSENT 0 VACANT
May 16, 2012 - Reported Out of Committee (JUDICIARY) in House with 8 On Its Merits
May 10, 2012 - Introduced and Assigned to Judiciary Committee in House





HB 340
Title:  AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO THE CREATION, REGULATION, OPERATION AND DISSOLUTION OF DOMESTIC LIMITED PARTNERSHIPS AND THE REGISTRATION AND REGULATION OF FOREIGN LIMITED PARTNERSHIPS.



Synopsis:
This bill continues the practice of amending periodically the Delaware Revised Uniform Limited Partnership Act (the "Act") to keep it current and to maintain its national preeminence.

Bill History:

Jun 25, 2012 - Signed by Governor
Jun 19, 2012 - Passed by Senate.
Votes: Passed 18 YES 0 NO 0 NOT VOTING 3 ABSENT 0 VACANT
Jun 13, 2012 - Reported Out of Committee (JUDICIARY) in Senate with 5 On Its Merits
May 23, 2012 - Assigned to Judiciary Committee in Senate
May 17, 2012 - Passed by House of Representatives.
Votes: Passed 36 YES 0 NO 0 NOT VOTING 5 ABSENT 0 VACANT
May 16, 2012 - Reported Out of Committee (JUDICIARY) in House with 8 On Its Merits
May 10, 2012 - Introduced and Assigned to Judiciary Committee in House














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