Maxwell Discusses the 2022 Amendments to the Delaware LLC and Partnership Statutes

Michael P. Maxwell
Business Law Today

The Delaware Limited Liability Company Act, 6 Del. C. § 18-101 et seq. (the “LLC Act”), the Delaware Revised Uniform Limited Partnership Act, 6 Del. C. § 17-101 et seq. (the “LP Act”), and the Delaware Revised Uniform Partnership Act, 6 Del. C. § 15-101 et seq. (the “Partnership Act” and together with the LLC Act and the LP Act, each, an “Act,” and, collectively, the “Acts”), have been amended in 2022. Among the provisions of the Acts that have been amended are those concerning the definition of the applicable governing agreement (i.e., limited liability company agreement or partnership agreement), permitted methods of document execution, the timing of approvals for domestications and conversions, and the effect of filing a certificate of revival of a limited liability company or a limited partnership on a series of such limited liability company or limited partnership. The amendments became effective on August 1, 2022.

To read the full article, visit Business Law Today’s website.

Business Law Today is the digital platform of the American Bar Association’s Business Law Section.

Related Professionals

Media Contact

Lisa Altman, Jaffe PR, Senior Vice President

About Potter Anderson

Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.