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 BackHOUSE OF REPRESENTATIVES
Committee Report
| Legislation: | SB 297 w/SA 1 |
| Sponsor: | DeLuca |
| Long Title: | AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO TRUST COMPANIES. |
| Committee: | JUDICIARY |
| Number of Committee Members: | 8 |
| Date of Report: | 06/26/2008 |
| Committee Vote: | Favorable: | On Its Merits: | Unfavorable: |
| 0 | 5 | 0 |
Purpose of the Bill : This Bill would permit a trust company to be a limited liability company with all the powers and privileges of, and generally subject to all the duties, restrictions, and liabilities of, a trust company that is a corporation.
Committee Findings: There were no major concerns raised in committee.
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