Delaware – Legislation Effective August 1 Amends LLC, Uniform Limited Partnership, Statutory Trust and Uniform Partnership Acts
House Bill 336 (Chapter 266) signed by the governor May 30 and effective August 1 amends the Limited Liability Company Act regarding certificates of merger or certificates of ownership and merger and revoking dissolution of a protected series, a registered series and an LLC. The bill text can be accessed here.
House Bill 337 (Chapter 267) signed by the governor May 30 and effective August 1 amends the Revised Uniform Limited Partnership Act regarding certificates of merger or certificates of ownership and merger and revoking dissolution of a protected series, a registered series and an LP. The bill text can be accessed here.
House Bill 338 (Chapter 268) signed by the governor May 30 and effective August 1 amends the Statutory Trust Act regarding timing of approval of a conversion and a domestication as a statutory trust. The bill text can be accessed here.
House Bill 339 (Chapter 269) signed by the governor May 30 and effective August 1 amends the Revised Uniform Partnership Act to permit a certificate of merger or certificate of ownership and merger to state amendments to the statement of partnership existence of a surviving domestic partnership in a merger as are desired to be effected by the merger. The bill text can be accessed here.
Washington – Legislation Effective June 2024
Senate Bill 5786 (Chapter 22) signed by the governor March 13 and effective June 6 amends the Business Corporation Act to update provisions on mergers and share exchanges consistent with the American Bar Association’s revised Model Business Corporation Act. The bill text can be accessed here.
House Bill 5897 (Chapter 270) signed by the governor March and effective June 6 modifies provisions of the business licensing service program. The bill text can be accessed here.
Senate Bill 5796 (Chapter 321) signed by the governor March 28 and effective June 6 amends the Uniform Common Interest Ownership Act and enacts the Uniform Unlawful Restrictions in Land Records Act. The bill text can be accessed here.
Tennessee – Legislation Restricts Land Purchases by Sanctioned Aliens or Foreign Entities
House Bill 2553 (Chapter 995) signed by the governor and effective May 21 restricts land purchases by sanctioned aliens or foreign entities. The bill text can be accessed at here.
