Delaware House Bill 328 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 10-3)
Status: Passed on July 15 2014 - 100% progression
Action: 2014-07-15 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

This bill continues the practice of amending periodically the Delaware Revised Uniform Limited Partnership Act (the "Act") to keep it current and to maintain its national preeminence. The following is a section-by-section review of the proposed amendments of the Act. Section 1. Section 1 amends 17-104(g) of the Act to require a limited partnership, upon the written request of the limited partnership's communications contact, to provide to such communications contact the name, business address and business telephone number of a natural person who has access to the record that contains the name and address of each partner of the limited partnership. Section 2. Section 2 amends 17-302(e) of the Act to confirm and clarify that unless otherwise provided in a partnership agreement, a person who is not then a limited partner may consent to any matter as a limited partner provided that such consent will only be effective at a time when such person is a limited partner of the limited partnership. Section 3. Section 3 amends 17-305 of the Act to confirm that a limited partner of a limited partnership may make a books and records request in person or by an attorney or other agent. Section 3 also amends 17-305 of the Act by adding a new subsection 17-305(g) which provides that a limited partnership is required to maintain a current record of the name and last known address of each partner. Section 4. Section 4 amends 17-405(d) of the Act to confirm and clarify that, unless otherwise provided in a partnership agreement, a person who is not then a general partner may consent to any matter as a general partner provided that such consent will only be effective at a time when such person is a general partner of the limited partnership. Section 5. Section 5 amends 17-806 of the Act to modify and provide additional means by which a dissolution of a limited partnership may be revoked. Section 6. This section provides that the proposed amendments of the Act shall become effective August 1, 2014.

An Act To Amend Chapter 17, Title 6 Of The Delaware Code Relating To The Creation, Regulation, Operation And Dissolution Of Domestic Limited Partnerships And The Registration And Regulation Of Foreign Limited Partnerships.

Rep. Rebecca Walker [D]	Rep. Melanie Smith [D]	Sen. Margaret Henry [D]	Sen. Bryan Townsend [D]
Rep. Gerald Brady [D]	Rep. James Johnson [D]	Rep. John Mitchell [D]	Rep. Charles Potter [D]
Rep. Stephen Smyk [R]	Sen. David Wilson [R]	Sen. Patricia Blevins [D]	Sen. Harris McDowell [D]
Sen. Gary Simpson [R]

2014-06-26 - Senate - Senate Third Reading (Y: 20 N: 0 NV: 1 Abs: 0) [PASS]
2014-06-10 - House - House Third Reading (Y: 35 N: 0 NV: 3 Abs: 3) [PASS]

Date	Chamber	Action
2014-07-15	House	Signed by Governor
2014-06-26	Senate	Passed by Senate. Votes: Passed 20 YES 0 NO 1 NOT VOTING 0 ABSENT 0 VACANT
2014-06-18	Senate	Reported Out of Committee (JUDICIARY) in Senate with 4 On Its Merits
2014-06-11	Senate	Assigned to Judiciary Committee in Senate
2014-06-10	House	Passed by House of Representatives. Votes: Passed 35 YES 0 NO 3 NOT VOTING 3 ABSENT 0 VACANT
2014-05-14	House	Reported Out of Committee (JUDICIARY) in House with 3 Favorable, 3 On Its Merits
2014-05-07	House	Introduced and Assigned to Judiciary Committee in House

Type	Source
Summary	http://legis.delaware.gov/LIS/lis147.nsf/2bede841c6272c888025698400433a04/1045955392d4a8f285257cca0071199b?OpenDocument
Text	http://legis.delaware.gov/LIS/lis147.nsf/vwLegislation/HB+328/$file/legis.html?open
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/09ecb808a587f0a085257cf3007c8d3a?OpenDocument
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/7f954fd957d3da0d85257d03006f2a5c?OpenDocument