Delaware SB98 amends the Delaware Limited Liability Company Act to update registered agent duties and clarify merger and consolidation procedures.
Delaware SB98 amends the Delaware Code to update the duties of registered agents for limited liability companies (LLCs). Registered agents must accept service of process and forward communications to the LLCs they represent. The bill also mandates that registered agents cannot perform their duties solely through virtual offices or mail forwarding services. Additionally, the bill clarifies the process for amending limited liability company agreements, allowing for the ratification of void or voidable acts or transactions.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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