• 2010 Amendments to Delaware Business Statutes
  • June 25, 2010 | Authors: Eric N. Feldman; Scott E. Waxman
  • Law Firm: Potter Anderson & Corroon LLP - Wilmington Office
  • Delaware’s Governor, Jack Markell, recently signed into law bills amending several of Delaware’s renowned alternative business entity statutes, namely, the Delaware Revised Uniform Partnership Act, 6 Del. C. § 15-101, et seq. (“DRUPA”), the Delaware Revised Uniform Limited Partnership Act, 6 Del. C. § 17-101, et seq. (“DRULPA”), and the Delaware Limited Liability Company Act, 6 Del. C. § 18-101, et seq. (“DLLCA”, and, collectively with DRUPA and DRULPA, the “Alternative Entity Statutes”). The amendments to the Alternative Entity Statutes (the “Alternative Entity Amendments”) represent a continuing effort by Delaware to create a flexible statutory framework for alternative business organizations. The balance of this article will touch upon some of the more significant amendments to the Alternative Entity Statutes. Each of these amendments becomes effective on August 2, 2010.