CHAPTER 361

FORMERLY

HOUSE BILL NO. 529

AN ACT TO AMEND CHAPTER 15, TITLE 6 OF THE DELAWARE CODE RELATING TO TI1E REGISTRATION AND REGULATION OF FOREIGN REGISTERED LIMITED LIABILITY PARTNERSHIPS.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (three-fifths of all members elected to each house thereof concurring therein):

Section 1 Amend § 1502, Chapter 15, Title 6 of the Delaware Code by adding the following new subsection "(4)", and by redesignating the subsequent subsections accordingly:

"(4) 'Foreign registered limited liability partnership means a registered limited liability partnership or a limited liability partnership formed pursuant to an agreement governed by the laws of a jurisdiction other than this state and registered as such under the laws of such other jurisdiction."

Section 2 Amend § 1547, Chapter 15, Title 6 of the Delaware Code by adding the following new subsections "(c)" and "(d)":

"(c) Subject to any statutes for the regulation and control of specific types

of businesses, foreign registered limited liability partnerships may transact business in this state and are not required to register with the Secretary of State under this Chapter.

(d) The internal affairs of foreign registered limited liability partnerships

and the liability of partners for debts, obligations and liabilities of or chargeable to the foreign registered limited liability partnership or another partner or partners, shall be subject to and governed by the laws of the jurisdiction pursuant to the laws of which the foreign registered limited liability partnership is governed."

Section 3 This Act shall become effective on the date of enactment.

Approved June 10, 1996