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The Corporate Law Section of the Delaware State Bar Association has proposed its annual amendments to the Delaware Limited Liability Company Act (the “LLC Act”), the Delaware Revised Uniform Limited Partnership Act (the “LP Act”) and the Delaware Revised Uniform Partnership Act (“DRUPA”). In addition, the Corporate Law Section has proposed clarifying amendments to Delaware’s Uniform Commercial Code (the “UCC”) which are intended to work in conjunction with the series amendments to the LLC Act.
Further details, and a downloadable .pdf copy of Berger Harris’s legislative analysis, can be found at Business Law Basics.