Delaware Intercorp Blog

Friday, May 17, 2013

The Delaware Corporate Legislation Tracker - May 17, 2013

What's happening this 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 5/15/2013:




HB 123
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 Limited Partnership Act (the "Act") to keep it current and to maintain its national preeminence.

Bill History:

May 15, 2013 - Reported Out of Committee (JUDICIARY) in House with 4 Favorable, 7 On Its Merits
May 08, 2013 - Introduced and Assigned to Judiciary Committee in House





HB 124
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:

May 15, 2013 - Reported Out of Committee (JUDICIARY) in House with 4 Favorable, 7 On Its Merits
May 08, 2013 - Introduced and Assigned to Judiciary Committee in House


The following Legislation affecting Title 6 - Commerce and Trade was acted upon by the General Assembly on 5/15/2013:




HB 126
Title:  AN ACT TO AMEND CHAPTER 18, 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:

May 15, 2013 - Reported Out of Committee (JUDICIARY) in House with 3 Favorable, 8 On Its Merits
May 09, 2013 - Introduced and Assigned to Judiciary Committee in House



The following Legislation affecting Title 8 - Corporations was acted upon by the General Assembly on 5/15/2013:




HB 127
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:

May 15, 2013 - Reported Out of Committee (JUDICIARY) in House with 3 Favorable, 8 On Its Merits
May 09, 2013 - Introduced and Assigned to Judiciary Committee in House



SB 47 w/SA1
Title:  AN ACT TO AMEND TITLE 8 OF THE DELAWARE CODE RELATING TO THE GENERAL CORPORATION LAW.


Synopsis:

This Bill seeks to allow for the formation of Public Benefit Corporations under the Delaware General Corporation Law.

Bill History:


May 15, 2013 - Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 10 On Its Merits
May 01, 2013 - Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
Apr 30, 2013 - Passed by Senate.Votes: Passed 20 YES 0 NO 1 NOT VOTING 0 ABSENT 0 VACANT
Apr 30, 2013 - Amendment SA 1 - Passed by Senate.
Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
Apr 30, 2013 - Amendment SA 1 - Introduced in Senate
Apr 24, 2013 - Reported Out of Committee (SMALL BUSINESS) in Senate with 6 On Its Merits
Apr 18, 2013 - Assigned to Small Business Committee in Senate




The following Legislation affecting Title 30 - State Taxes was acted upon by the General Assembly on 5/15/2013:




HB 143
Title: AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE PERTAINING TO BUSINESS TAX CREDITS


Synopsis:
This Act makes permanent Delaware’s research and development tax credit.

Bill History:

May 15, 2013 - Reported Out of Committee (REVENUE & FINANCE) in House with 4 Favorable, 7 On Its Merits
May 14, 2013 - Introduced and Assigned to Revenue & Finance Committee in House



posted by Russell Rozanski at 9:07 AM 0 Comments