Brian J. Bushweller
- Democratic
Primary
This bill amends various sections of the Delaware Uniform Commercial Code (the “Act”) to keep it current. The following is a section-by-section review of the proposed amendments of the Act. Section 1. This section amends Section 1-201(b)(27) of the Act to expressly include series of the other types of persons listed in such section as persons under the Act. Section 2. This section amends Section 9-102(a)(71) of the Act to expressly provide that a series of a registered organization constitutes a registered organization if the series is organized under the law of a single State and the statute of the State governing the series requires that a public organic record of the series be filed with the State. Section 3. This section provides that the proposed amendments shall become effective August 1, 2019.
Signed by Governor
Passed By House. Votes: 41 YES
Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 10 On Its Merits
Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
Passed By Senate. Votes: 20 YES 1 ABSENT
Reported Out of Committee (Banking, Business & Insurance) in Senate with 4 On Its Merits
Introduced and Assigned to Banking, Business & Insurance Committee in Senate
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