It’s the second consecutive year in which legislation proposing amendments to the Delaware General Corporation Law has been criticized both for its content and for the process through which it was drafted and sent through the Legislature.

So far, SB 21’s legislative progression hasn’t been outright faster than that of the most recent bills proposing DGCL amendments in prior years. Last year, SB 313, containing what were referred to as “market practice amendments,” was passed by the Senate 22 days after introduction, and the chamber passed the 2023 DGCL amendment bill 12 days after its introduction. The Senate approved SB 21 on March 13, 23 days after it was first introduced.

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