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Read. Follow. Verify.General Assembly updates Delaware General Corporation Law regarding share votes, corporate dissolution, and nonstock revival
Last action · June 10, 2026: Signed by GovernorSponsors: Krista Griffith and 13 others
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What This Bill Does
Delaware corporations and s must comply with new governance standards that clarify share-vote opt-out requirements, terminate duties upon dissolution, and route through the Secretary of State. Nonstock corporations also follow streamlined revival rules that remove mandatory voting member references unless required. These changes take effect on August 1, 2026.
Delaware corporations and s must adjust their operational and dissolution procedures by August 1, 2026, to align with the new voting defaults and Secretary of State service-of-process mechanisms.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Delaware corporations
Corporations must follow updated voting default rules, dissolution service-of-process agreement requirements, and nonstock revival procedures.
Registered agents
Registered agent duties and authorities terminate upon the effective date of a corporation's dissolution.
Nonstock corporations
Revival procedures are updated to remove voting member requirements where governing body members are present.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What happens to a registered agent's duties when a corporation is dissolved?
How is service of process handled for a dissolved corporation under the new rules?
When does this Act take effect?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Current status: Signed into law.
Procedural history
9 actions- Jun 10, 2026Office of the GovernorEnrolledSigned by Governor
- May 19, 2026SenateFloorPassed By Senate. Votes: 21 YES
- May 6, 2026SenateCommitteeReported Out of Committee (Judiciary) in Senate with 1 Favorable, 3 On Its Merits
- Apr 21, 2026SenateIntroducedAssigned to Judiciary Committee in Senate
- Apr 21, 2026HouseFloorPassed By House. Votes: 38 YES 3 ABSENT
- Apr 21, 2026HouseCommitteeAmendment HA 1 to HB 353 - Passed In House by Voice Vote
Show 3 earlier actions
- Apr 21, 2026HouseCommitteeAmendment HA 1 to HB 353 - Introduced and Placed With Bill
- Apr 15, 2026HouseCommitteeReported Out of Committee (Judiciary) in House with 6 On Its Merits
- Apr 9, 2026HouseIntroducedIntroduced and Assigned to Judiciary Committee in House
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Voting Record
2/3
Total
21
- Yes
- 21
- No
- 0
- Present
- 0
- Not voting
- 0
- Abstain
- 0
How they voted (21)
Show 1 earlier roll call
2/3
Total
38
- Yes
- 38
- No
- 0
- Present
- 0
- Not voting
- 0
- Abstain
- 0
How they voted (38)
14 more members
Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Show 9 more sponsors
Connected Entities
Sources
legis.delaware.gov
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz25Current news / social attention level
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