Delaware General Assembly

PWB 4/13/26

Amendment is attached to the legislation and awaits consideration

SB 16 -SA 1

4/13/26

Mantzavinos

This Amendment changes the enactment clause of Senate Bill No. 16 to a two-thirds vote because § 1 of Article IX of the Delaware Constitution requires the affirmative vote of two-thirds of the members elected to each house of the General Assembly to amend the general corporation law or enact any special act of incorporation. This Amendment also changes the effective date and implementation dates of the original bill. It establishes that Sections 1 through 4 and Sections 6 through 24 are effective immediately. Section 5 is also effective immediately; however, it is to be implemented the earlier of the following: 1 year from the date of the Act's enactment or notice by the State Banking Commissioner that final regulations have been published and promulgated.

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