Amendments to the Delaware Limited Liability Company Act
Amendments to the Delaware Limited Liability Company Act previously introduced in April 2018 were signed into law on July 24, 2018. The amendments enable a Delaware limited liability company to engage in several new forms of transactions including: the (1) division of a limited liability company into two or more separate limited liability companies, (2) formation of registered series of limited liability companies and statutory public benefit limited liability companies and (3) use of blockchain technology for maintenance of limited liability company records and for electronic transmissions.
Attached is the firm memorandum discussing the amendments.
Should you have any questions about the memorandum, please feel free to contact the persons identified at the end of the memo or your regular Cahill contacts. Cahill regularly publishes memoranda covering a variety of legal developments. To access copies and search our archive, click here.
CGR Memo - Amendments to the Delaware Limited Liability Company Act.pdf (pdf | 175.14 KB )