Effective August 1, 2018, the Delaware Limited Liability Company Act (DLLCA) was amended to include a new divisive merger statute. Unlike a traditional merger, whereby two or more entities merge to become one entity, a...more
Effective August 1, 2018, the Delaware Limited Liability Company Act (DLLCA) was amended to include a new ยง 18-217. Section 18-217 allows a domestic Delaware limited liability company (LLC) to divide itself into two or more...more