SENATE BILL NO. 359
AN ACT TO AMEND TITLE 25 OF THE DELAWARE CODE RELATING TO PROPERTY.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE :
Section 1. Amend Chapter 5, Title 25, by adding a new subsection (f) to section 503:
“(f) For purposes of this section, real property does not include any intangible personal property such as an interest in a corporation, limited liability company, partnership, business trust or other entity, regardless of whether such entity is the owner of real property or any interest therein.”
Section 2. This Act shall take effect on the date of enactment.
Approved June 30, 2000