News & Analysis as of

Limited Liability Company (LLC) Amended Regulation

Troutman Pepper

SEC Amends “Accredited Investor” Definition

Troutman Pepper on

On August 26, the U.S. Securities and Exchange Commission (SEC) adopted amendments expanding the definition of “accredited investor” to allow additional categories of investors to invest in unregistered private offerings. The...more

Epstein Becker & Green

Need to Know: Amendment to Louisiana Non-Compete Statute Took Effect on August 1, 2020

Louisiana has long had in its statutes one of the nation’s most distinctive non-compete laws, and that statute has just been amended in a subtle but important way. LA. R.S. 23:921 essentially provides that every agreement...more

Jaburg Wilk

Attention all Arizona Limited Liability Companies- The New LLC Law Applies to You!

Jaburg Wilk on

The New Arizona Limited Liability Company Act (the “New LLC Act”) will impact all Arizona limited liability companies this year. The Arizona Limited Liability Company Act was recently amended. For any Arizona LLC formed on or...more

Steptoe & Johnson PLLC

Time to Update Your Loan Documents Due To New Delaware “Divisive Merger” Law

Steptoe & Johnson PLLC on

Effective August 1, 2018, Delaware’s limited liability company act was amended to add new Section 18-217 (the “Amendment”). This Amendment permits a Delaware limited liability company (an “LLC”) to divide into two or more...more

Miles & Stockbridge P.C.

Delaware Law Amended to Allow Limited Liability Companies to Divide Assets and Liabilities

The state of Delaware recently enacted an amendment to the Delaware Limited Liability Company Act (the “Act”), effective August 1, 2018, which allows a limited liability company to divide into two or more limited liability...more

A&O Shearman

Delaware Divisive Merger Statute

A&O Shearman on

Effective August 1, 2018, the Delaware Limited Liability Company Act (DLLCA) was amended to include a new § 18-217. Section 18-217 allows a domestic Delaware limited liability company (LLC) to divide itself into two or more...more

Miles & Stockbridge P.C.

Delaware Law Amended to Allow Limited Liability Companies to Divide Assets and Liabilities

The state of Delaware recently enacted an amendment to the Delaware Limited Liability Company Act (the “Act”), effective August 1, 2018, which allows a limited liability company to divide into two or more limited liability...more

Morris James LLP

Delaware Updates its Limited Liability Company Act

Morris James LLP on

The state of Delaware recently enacted amendments to the Delaware Limited Liability Company Act (the Act), most of which will become effect August 1, 2018, in three primary ways. These amendments introduce the concepts of (i)...more

Orrick - Finance 20/20

Update: Newly Passed Delaware Law Will Necessitate Important Updates to Credit Agreements

The following client alert is an update of the Orrick alert sent on June 14, 2018. Since then, the proposed amendment to the Delaware Limited Liability Company Act was signed into law by the governor of the state. ...more

Saul Ewing LLP

2018 Delaware General Corporate Law Amendments

Saul Ewing LLP on

On July 23, 2018, Delaware Governor John Carney signed into law the 2018 amendments to the General Corporation Law of the State of Delaware, the Delaware Limited Liability Company Act and the Delaware Revised Uniform...more

Allen Matkins

CARULLCA Amendment Purporting To Eliminate Surprise May Do The Opposite

Allen Matkins on

Readers will know that I’m no fan of California’s Revised Uniform Limited Liability Company Act (aka CARULLCA). As originally enacted, the law was rife with technical errors. As the legislature continues to tinker with the...more

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