Delaware: Amendments to Revised Uniform Limited Partnership Act and the Revised Uniform Partnership Act

It’s not uncommon for periodic amendments to be made to the Delaware Revised Uniform Limited Partnership Act and the Delaware Revised Uniform Partnership Actin an effort to keep the acts current and to maintain their “national preeminence.” The latest updates are the result of House Bill 367 and House Bill 367, which were signed by the governor June 22 and become effective August 1. Among the changes being implemented is the removal of the rule that approval and consents must be in writing.

House Bill 367: A synopsis of the original bill can be found here. If you’re interested in reading the bill in its entirety, go here.

House Bill 368: A summary of the bill can be viewed here. For the whole scoop, read the entire bill here.

While reviewing the bills, please note that deletions as shown by strike through and insertions as shown by underline.

 

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