This Amendment changes the enactment clause of Senate Bill No.

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

This Amendment changes the enactment clause of Senate Bill No.

This Amendment changes the enactment clause of Senate Bill No.

What This Bill Does

• This Amendment changes the enactment clause of Senate Bill No.
• This Amendment changes the enactment clause of Senate Bill No.
• 16 to a two-thirds vote because § 1 of Article IX of the Delaware Constitution requires the affirmative vote of two-thirds of the members elected to each house of the General Assembly to amend the general corporation law or enact any special act of incorporation.
• This Amendment also changes the effective date and implementation dates of the original bill.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

This Amendment changes the enactment clause of Senate Bill No.
This Amendment changes the enactment clause of Senate Bill No. 16 to a two-thirds vote because § 1 of Article IX of the Delaware Constitution requires the affirmative vote of two-thirds of the members elected to each house of the General Assembly to amend the general corporation law or enact any special act of incorporation.

This Amendment also changes the effective date and implementation dates of the original bill. It establishes that Sections 1 through 4 and Sections 6 through 24 are effective immediately. Section 5 is also effective immediately; however, it is to be implemented the earlier of the following: 1 year from the date of the Act's enactment or notice by the State Banking Commissioner that final regulations have been published and promulgated.