House Bill 668 (Chapter 292) and Senate Bill 469 (Chapter 293) became law without signature of the governor May 8 and effective October 1 relates to delayed effective dates, inspection of records by stockholders, and indemnification of directors of stock
Uniform Commercial Code (UCC) filings are complicated and contain a plethora of nuances that can cause frustration for even the most experienced legal professionals. Subtle errors when filing can lead to unperfected security interests, posing tremendous risk to the clients
House Bill 1655 signed by the governor July 6 and effective August 28 modifies provisions relating to the certification of documents, including processes for the Recorder of Deeds and procedures for notaries include remote online notarization.
Legislative Bill 808 signed by the governor and effective August 15 amends the Business Corporation Act to include provisions of the ABA model act with a process for the ratification of defective corporate acts.
Senate Bill 244 (Chapter 264) signed by the governor July 23 and effective August 1 amends the Statutory Trust Act to clarify the ability to enter into contracts between series of a trust, vesting title to trust assets in a
DELAWARE House Bill 341 (Chapter 256) signed by the governor and effective July 16 amends the General Corporation Law to, among other things, confirm that a board of directors may exercise certain powers during emergency conditions; eliminate supermajority voting requirements
Assembly Bill 85 (Chapter 2020-08) signed by the governor and effective June 29 exempts a limited partnership, limited liability company and limited liability partnership that files, registers or organizes to do business in California from payment of the annual minimum
Senate Bill 6a (Act No. 15) signed by the governor and effective governor July 13 provides for the suspension from July 1, 2020 to June 30, 2021 of the corporation franchise tax and initial corporation franchise tax for small business
Senate Bill 1754 signed by the governor and effective June 22 clarifies that the form and filing of a business entity document must meet all statutory requirements and requirements set by rule in order to be filed; changes the timing
Senate Bill 4116 signed by the President and effective July 4 extends the authority for commitments under the Paycheck Protection Program until August 8 and separate amounts for other loans authorized under the Small Business Act.