House Bill 168
151st General Assembly (2021 - 2022)
Bill Progress
Lieu/Substituted 6/29/21
The General Assembly has ended, the current status is the final status.
Bill Details
4/29/21
AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE INVESTMENTS.
This bill would allow insurance companies to invest in real estate through long-term leaseholds. In the United Kingdom, Europe, and other international places real estate is held not in fee simple (like the US) but in long-term land leases. This statutory change would allow companies domesticated in Delaware to invest in the real estate market in those places. Delaware would not be the first state to make this change.
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Not Required
Takes effect upon being signed into law
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Favorable:
On its Merits:
Unfavorable: