CHAPTER 439

FORMERLY

SENATE BILL NO. 398

AS AMENDED BY SENATE AMENDMENT NO. 1

AN ACT TO REPEAL THE BULK TRANSFER PROVISIONS OF THE UNIFORM COMMERCIAL CODE OF THE DELAWARE CODE.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. Amend Article 6 and Section 9-111 of Title 6 of the Delaware Code by striking said Article and Section in their entirety.

Section 2. Amend Subsection (2), Section 1-105 of Title 6 of the Delaware Code by striking therefrom the phrase "Bulk transfers subject to the Article on Bulk Transfers. Section 6102".

Section 3. Amend Subsection (4), Section 2-403 of Title 6 of the Delaware Code by striking therefrom the phrase "Bulk Transfers (Article 6)".

Section 4. Rights and obligations that arose under Article 6 and Section 9-111 of Title 6 of the Delaware Code before their repeal remain valid and may be enforced as though those statutes had not been repealed.

Section 5. Amend §2725 of Title 6 of the Delaware Code by deleting subsection (b) of said section in its entirety.

Approved July 3, 1996