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 Back | 144th General Assembly
House Bill # 427 |
| Primary Sponsor: | Valihura | Additional Sponsor(s): Rep. M Marshall & Sen. DeLuca |
| CoSponsors: | Reps. Hudson, Lavelle, Stone, Wagner, Johnson, Mitchell; Sens. Adams, Cook, McDowell, Amick, Simpson |
| Introduced on : | 05/29/2008 | |
| Long Title: | AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO THE CREATION, REGULATION, OPERATION AND DISSOLUTION OF DOMESTIC LIMITED PARTNERSHIPS AND THE REGISTRATION AND REGULATION OF FOREIGN LIMITED PARTNERSHIPS. |
| Synopsis: | This Bill continues the practice of amending periodically the Delaware Revised Uniform Limited Partnership Act (the “Act”) to keep it current and to maintain its national preeminence. The following is a section-by-section review of the proposed amendments of the Act.
Section 1. This section conforms the language of § 17-101(9) of the Act to be consistent with other sections of the Act.
Section 2. This section amends § 17-101(14) of the Act to confirm the intended broad scope of the term “trust” as used in the definition of “Person”.
Section 3. This section amends § 17-204(a)(1) of the Act to clarify that a certificate of limited partnership domestication and a certificate of conversion to limited partnership may either be signed by all general partners or by any person authorized to sign such certificate on behalf of the non-United States entity or other entity, respectively.
Section 4. This section amends § 17-204(c) of the Act to make changes conforming to the amendment to § 17-204(a)(1) of the Act.
Section 5. This section amends § 17-215(a) of the Act to make changes conforming to the amendment to § 17-204 of the Act.
Section 6. This section amends § 17-217(a) of the Act to make changes conforming to the amendment to § 17-204 of the Act.
Section 7. This section amends § 17-303(b)(8) of the Act to confirm that a limited partner’s involvement in the described activities will not cause a limited partner to be participating in the control of the business of the limited partnership for purposes of subsection (a) of § 17-303.
Section 8. This section provides that the proposed amendments of the Act shall become effective August 1, 2008.
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| Committee Reports: |
House Committee Report 06/03/08 F=1 M=6 U=0----> |
| Voting Reports: |
House vote: () Passed 6/12/08 5:07:32 PM------->
Senate vote: () Passed 7/1/08 3:18:07 AM-------> |
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Actions History:
| Jul 17, 2008 - Signed by Governor
Jul 01, 2008 - Passed by Senate. Votes: Passed 17 YES 0 NO 0 NOT VOTING 4 ABSENT 0 VACANT
Jul 01, 2008 - Necessary rules are suspended in Senate
Jun 17, 2008 - Assigned to Judiciary Committee in Senate
Jun 12, 2008 - Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
Jun 03, 2008 - Reported Out of Committee (JUDICIARY) in House with 1 Favorable, 6 On Its Merits
May 29, 2008 - Introduced and Assigned to Judiciary Committee in House
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