Fabio
77 lines
3.9 KiB
Markdown
77 lines
3.9 KiB
Markdown
---
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type: "Bill"
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title: "AN ACT TO AMEND TITLE 8, TITLE 9, AND TITLE 29 OF THE DELAWARE CODE RELATING TO THE GENERAL CORPORATION LAW."
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description: "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."
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jurisdiction: "us/states/de"
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legislature: "Delaware General Assembly"
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session: "151"
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identifier: "SB 273"
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citation: "Delaware SB 273 (151)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Bryan Townsend", "Darius J. Brown", "Krista Griffith", "Kyle Evans Gay", "Sean M. Lynn", "Stephanie L. Hansen", "William Bush"]
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version_count: 1
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action_count: 7
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vote_count: 2
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first_action: "2022-04-28"
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last_action: "2022-07-27"
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source: "openstates"
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source_identifier: "ocd-bill/5d0682f4-c1ed-447e-b5a9-12bab23f9a86"
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source_url: "https://legis.delaware.gov/BillDetail?LegislationId=109402"
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source_hash: "ad0835742fcda7c42e08a9ddb98a0df19d97d10c69b5df52d8faa80a75dd26ca"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-de"]
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---
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# Delaware SB 273 (151) — AN ACT TO AMEND TITLE 8, TITLE 9, AND TITLE 29 OF THE DELAWARE CODE RELATING TO THE GENERAL CORPORATION LAW.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Bill Text** (committee substitute) — [source](https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=109402&legislationTypeId=1&docTypeId=2&legislationName=SB273)
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## Votes
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- 2/3 — **20–0** (pass) · upper
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- 2/3 — **38–0** (pass) · lower
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## Sponsors
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- Bryan Townsend — primary (person)
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- Darius J. Brown — primary (person)
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- Krista Griffith — primary (person)
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- Kyle Evans Gay — primary (person)
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- Sean M. Lynn — primary (person)
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- Stephanie L. Hansen — primary (person)
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- William Bush — primary (person)
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- Brian Pettyjohn — cosponsor (person)
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- Bruce C. Ennis — cosponsor (person)
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- Ernesto B. Lopez — cosponsor (person)
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- Jeffrey N. Spiegelman — cosponsor (person)
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- John "Jack" Walsh — cosponsor (person)
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- Sean Matthews — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2022-04-28** Introduced and Assigned to Judiciary Committee in Senate `introduction, referral-committee`
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- **2022-05-04** Reported Out of Committee (Judiciary) in Senate with 4 Favorable, 1 On Its Merits `committee-passage, committee-passage-favorable`
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- **2022-05-12** Passed By Senate. Votes: 20 YES 1 ABSENT `passage`
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- **2022-05-13** Assigned to Judiciary Committee in House `introduction, referral-committee`
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- **2022-06-08** Reported Out of Committee (Judiciary) in House with 7 On Its Merits `committee-passage`
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- **2022-06-14** Passed By House. Votes: 38 YES 3 ABSENT `passage`
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- **2022-07-27** Signed by Governor `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/5d0682f4-c1ed-447e-b5a9-12bab23f9a86`. Confidence: reported (aggregated from official Delaware legislature records).
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