Bill > SB97

This bill proposes several technical amendments to the Delaware Revised Uniform Limited Partnership Act to clarify and update various provisions related to limited partnerships. The key changes include: modifying requirements for registered agents by mandating they maintain a physical business presence in Delaware and cannot operate solely through virtual offices, expanding provisions for ratifying or waiving void or voidable partnership actions, clarifying procedures for amending partnership certificates during dissolution, updating execution requirements for various partnership documents, allowing for the correction or nullification of filed certificates, and making technical changes to annual tax payment rules. For registered agents specifically, the bill now requires them to have a physical office in Delaware, verify the identity of their business contacts, and cannot rely exclusively on virtual or remote communication methods. The bill also provides more flexibility in how partnership agreements can be amended and how partnerships can handle administrative corrections to their official documents. These amendments are intended to maintain Delaware's legal framework for limited partnerships and address practical challenges in partnership administration. The changes will take effect on August 1, 2025.

Justice

https://legis.delaware.gov/BillDetail?LegislationId=142080