Small Business Reading Room


Friday, March 29, 2013

The Delaware Corporate Legislation Tracker - March 29, 2013

What happened this past week in Delaware Law?

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 Delaware Corporate rules, regulations, and Delaware business matters.

Here's the latest edition:


The following Legislation affecting Title 6 - Commerce and Trade was acted upon by the General Assembly on 3/28/2013:




HB 8 w/HA 1
Title:  AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO THE UNIFORM COMMERCIAL CODE.


Synopsis:

It is the purpose of this Act to amend Article 9 of the Delaware Uniform Commercial Code dealing with secured transactions. The revisions to Article 9 are part of a national effort led by the National Conference of Commissioners on Uniform State Laws and The American Law Institute that seeks adoption of revisions in substantially the form proposed by all applicable states within, or other jurisdictions under the control of, the United States.

Bill History:

Mar 28, 2013 - Passed by Senate.
                        Votes: Passed 20 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
Mar 27, 2013 - Reported Out of Committee (JUDICIARY) in Senate with 5 On Its Merits
Mar 15, 2013 - Assigned to Judiciary Committee in Senate
Mar 12, 2013 - Passed by House of Representatives.
                        Votes: Passed 40 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
Mar 12, 2013 - Amendment HA 1 - Passed in House by Voice Vote
Mar 07, 2013 - Amendment HA 1 - Introduced and Placed With Bill
Jan 16, 2013 - Reported Out of Committee (JUDICIARY) in House with 8 Favorable, 2 On Its Merits
Jan 15, 2013 - Introduced and Assigned to Judiciary Committee in House




The following Legislation affecting Title 7 - Conservation was acted upon by the General Assembly on 3/28/2013:




SB 34
Title:  AN ACT TO AMEND TITLE 7 OF THE DELAWARE CODE RELATING TO THE REGIONAL GREENHOUSE GAS INITIATIVE.


Synopsis:

This Bill requires that changes to the Delaware Regional Greenhouse Gas Initiative allowance auction program involving reduction in allowances below 6,803,808 short tons of CO2, increases in the reserve price for permits, or changes to price caps for permits must be approved by a Joint Resolution of the General Assembly.

Bill History:

Mar 28, 2013 - Assigned to Energy and Transit Committee in Senate
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More than 1 Million Entities now call Delaware their Home


The State of Delaware is a leading domicile for U.S. and international corporations.  More than 1,000,000 business entities have made Delaware their legal home.  More than 50% of all publicly-traded companies in the United States including 64% of the Fortune 500 have chosen Delaware as their legal home.

Check out this YouTube video of Governor Jack Markell joined with the staff of the Division of Corporations and the Office of the Secretary of State to celebrate the milestone of one million legal entities domiciled in Delaware.


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