Delaware Insider: Recent Amendments to the Alternative Entity Acts
Publication| Limited Liability Company & Partnership Advisory
The State of Delaware continues to ensure that its alternative entity statutes remain state of the art. In furtherance of that objective, effective August 1, 2014, Delaware amended the Delaware Limited Liability Company Act (LLC Act), the Delaware Revised Uniform Limited Partnership Act (LP Act), the Delaware Revised Uniform Partnership Act (GP Act), and the Delaware Statutory Trust Act (Trust Act). The following is a brief summary of certain of the significant amendments affecting Delaware limited liability companies (LLCs), limited partnerships (LPs), general partnerships (GPs), and statutory trusts (Trusts).