Richards Layton & Finger
 

Amendments to Delaware General Corporation Law

June 2010

Significant amendments to the General Corporation Law of the State of Delaware (DGCL) have been introduced in Delaware’s General Assembly this year. The amendments were introduced in two separate bills. One bill, containing the nonstock corporation amendments, was approved by the Delaware General Assembly and was signed by the Governor on May 3, 2010. Those amendments generally become effective on August 1, 2010. The second bill, containing the other amendments, was not yet signed by press time; those amendments generally become effective on August 2, 2010.