There Is a Newer Version of the Delaware Code
2012 Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
CHAPTER 33. ADMINISTRATIVE PROVISIONS
§ 3316. Substituted property; equivalent value; fiduciary duty.
12 DE Code § 3316 (2012 through 146th Gen Ass) What's This?
Notwithstanding the terms of a governing instrument, if a trustor has a power to substitute property of equivalent value, the fiduciary responsible for investment decisions has a fiduciary duty to determine that the substituted property is of equivalent value prior to allowing the substitution.
77 Del. Laws, c. 330, § 5.;
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