Edward T. Kang, with Kang Haggerty & Fetbroyt. Courtesy photo Significant Recent Changes to the Delaware Limited Liability Company Act
This column examines these amendments, the history behind Delaware's prominence in the realm of corporate law, and discusses some key differences between LLCs and corporations.
October 14, 2021 at 12:11 PM
9 minute read
Delaware Senate Bill 114, recently enacted and effective as of Aug. 1, includes substantial additions and amendments to the Delaware Limited Liability Company Act (the LLC Act). In addition to several amendments meant to supersede recent case law, these amendments also contained further guidance regarding the operations of a Delaware public benefit LLC. This column examines these amendments, the history behind Delaware's prominence in the realm of corporate law, and discusses some key differences between LLCs and corporations.
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