Del. Code tit. 12 § 3522

Current through 2024 Legislative Session Act Chapter 531

Section 3522 - Trustees' accounts for inter vivos trusts

Trustees of an inter vivos trust (whether or not property was bequeathed or devised to such trust by a testamentary disposition) shall not be required to file any accounts or inventories with respect to such trust, except;

(a) to the extent provided in the governing instrument;

(b) upon an order of the Court of Chancery, for cause shown, expressly requiring an accounting by such trustees; or

(c) if such trustees were appointed by the Court of Chancery, then as may be otherwise provided in the order of appointment.

12 Del. C. § 3522

Added by Laws 2013, ch. 352,s 4, eff. 8/1/2014.