Progress
Lieu/Substituted 3/19/02
The General Assembly has ended, the current status is the final status.
Details
3/14/02
AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO SECURED TRANSACTIONS.
Sections 9-406 and 9-408 of the revised Delaware Uniform Commercial Code provide, among other things, that certain restrictions on transfers or assignments of specified contract rights are invalid, except as reflected in a list of exemptions. This Amendment expressly recognizes that an interest in a trust is within such list of exemptions, correcting an inadvertent and unintended omission in the July 1, 2001 revision. The intent is to assure that Article 9 of the Delaware Uniform Commercial Code does not alter longstanding Delaware law upholding anti-assignment restrictions with respect to trusts.
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Amendments
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Committee Reports
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Roll Calls
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Actions History
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Legislation Detail Feeds
Roll Call Details
Committee Report Details
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