2021-2022 Regular Session • Delaware Legislature
SB273: An Act To Amend Title 8, Title 9, And Title 29 Of The Delaware Code Relating To The General Corporation Law.
Legislative Summary
Section 1. Section 1 of this Act amends Section 102(b)(7). The amendment to Section 102(b)(7) authorizes a provision in the certificate of incorporation to eliminate or limit monetary liability of certain corporate officers for breach of fiduciary duty, but it precludes such elimination or limitation with respect to claims brought by or in the right of the corporation, and for the same types of claims with respect to which exculpation of directors is not permissible.
Bill History
4/28/2022
Introduced and Assigned to Judiciary Committee in Senate
5/4/2022
Reported Out of Committee (Judiciary) in Senate with 4 Favorable, 1 On Its Merits
5/12/2022
Passed By Senate. Votes: 20 YES 1 ABSENT
5/13/2022
Assigned to Judiciary Committee in House
6/8/2022
Reported Out of Committee (Judiciary) in House with 7 On Its Merits
6/14/2022
Passed By House. Votes: 38 YES 3 ABSENT
7/27/2022
Signed by Governor
Roll Call Votes
House Third Reading
6/14/2022
38
Yea
0
Nay
0
Not Voting
3
Absent
Result: PASSED
Senate Third Reading
5/12/2022
20
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Status Information
Current Status
Passed(7/27/2022)
Chamber
Senate
Sine DiePrior Session
Sponsors
Democrat: 10
Republican: 3
Primary Sponsor
Kyle Gay
Democrat