2018 Amendments to Delaware’s General Corporation Law and Alternative Entity Statutes

2018 Amendments to Delaware’s General Corporation Law and Alternative Entity Statutes

In its last session, the Delaware legislature passed a number of amendments to the Delaware General Corporation Law (the “DGCL”), the Delaware Limited Liability Company Act (the “DLLCA”), the Delaware Revised Uniform Limited Partnership Act (“DRULPA”) and the Delaware Revised Uniform Partnership Act (“DRUPA” and, together with the DLLCA and DRULPA, the “alternative entity statutes”).  Delaware Governor John Carney signed these bills into law in July 2018.  The majority of the amendments become effective on August 1, 2018, with certain amendments to the DLLCA (where noted below) becoming effective on August 1, 2019.

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