The Delaware LLC continues to be one of the most flexible type of business entities globally. Take a detailed look at the 2016 amendments and updates to the Delaware Limited Liability Act. Inform and advise your clients looking to make the most of Delaware’s limited liability company statues with the most up-to-date information in your repertoire. Matthew J. O’Toole, Christopher Kelly and Michael P. Maxwell of Potter Anderson & Corroon.
LLP share their insights, outline associated case law, and discuss amendments to the act. O’Toole is a senior legal advisor to CSC and LexisNexis for their joint publications, as well as co-author of the detailed guide on the subject, Symonds & O'Toole on Delaware Limited Liability Companies, Third Edition. O'Toole is intimately involved in developing and updating the Delaware Limited Liability Act. The presentation is organized around the following learning objectives:
- Understanding the impact of recent case law developments since the last update to the Delaware Limited Liability Company Act
- Exploring the 2016 amendments to the Act including the impact on service of process, debts, elimination of an affirmative vote, written consent requirements, approval of company matters, right of assignee to become a member, and effective date.