2009 Amendments to Delaware Business Statutes

On August 1, 2009, bills amending Delaware’s renowned alternative business entity statutes became effective.  Particularly, 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 represent a continuing effort by Delaware to create a flexible statutory framework for alternative business organizations. No amendments were made this year to the Delaware Statutory Trust Act, 12 Del. C. § 3801, et seq.

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