2023 Amendments to the DGCL and Delaware Alternative Entity Statutes Signed Into Law | Practical Law

2023 Amendments to the DGCL and Delaware Alternative Entity Statutes Signed Into Law | Practical Law

The 2023 amendments to the Delaware General Corporation Law, Limited Liability Company Act, Revised Uniform Limited Partnership Act, and Revised Uniform Partnership Act were signed into law by the governor of Delaware.

2023 Amendments to the DGCL and Delaware Alternative Entity Statutes Signed Into Law

Practical Law Legal Update w-039-9399 (Approx. 3 pages)

2023 Amendments to the DGCL and Delaware Alternative Entity Statutes Signed Into Law

by Practical Law Corporate & Securities
Published on 18 Jul 2023USA (National/Federal)
The 2023 amendments to the Delaware General Corporation Law, Limited Liability Company Act, Revised Uniform Limited Partnership Act, and Revised Uniform Partnership Act were signed into law by the governor of Delaware.
On July 17, 2023 the governor of Delaware signed into law the 2023 amendments to the Delaware General Corporation Law (DGCL), Limited Liability Company Act (LLC Act), Revised Uniform Limited Partnership Act (LP Act), and Revised Uniform Partnership Act (Partnership Act). The amendments, subject to limited exceptions which generally apply to certain actions taken on or after August 1, 2023, are effective August 1, 2023.
The amendments to the LLC Act, LP Act, and Partnership Act were enacted as proposed by the Council of the Corporation Law Section of the Delaware State Bar Association (Council). With the exception of a typographical conforming cross-reference revision, the amendments to the DGCL were enacted as proposed by the Council.
For information on the substance of the 2023 amendments, see Legal Updates: