The following is a brief summary of some of the more significant amendments that affect Delaware limited liability companies, Delaware limited partnerships and Delaware general partnerships.
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…
In Friedman v. Khosrowshahi, the Court of Chancery dismissed the plaintiff's claims challenging the decision by the compensation committee of Expedia Inc. to accelerate the vesting of a restricted stock unit award.
On July 15, 2014, Governor Jack Markell signed into law House Bill No. 318 which targets small company start-ups by directing additional tax credit support to businesses with less than $20,000,000 in receipts.
The Delaware General Assembly has recently enacted legislation amending the Delaware Statutory Trust Act. The following is a brief summary of some of the more significant amendments that affect Delaware statutory trusts.
On July 22, 2014, Delaware Governor Jack Markell signed House Bill No. 412 ("Trust Act 2014") into law. Trust Act 2014 continues Delaware's tradition of regularly refining and improving upon its existing statutory provisions in order to aid in their application and remain consistent with modern developments.
The Delaware General Assembly has recently enacted legislation amending the Delaware Limited Liability Company Act, the Delaware Revised Uniform Limited Partnership Act and the Delaware Revised Uniform Partnership Act.
As a result of the passage of 79 Del. Laws, c. 278, the deadlines to enter the SOS VDA Program and to resolve all unclaimed property liability under that program have been extended.
On June 18, 2014, Governor Markell signed into law House Bill No. 243 relating to agricultural leases.
Written by knowledgeable practitioners in corporate law and special committee practice, this comprehensive book provides in-depth explanations on the uses, benefits and disadvantages of special committees.