There is a newer version
of
this Section
2021 Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
Chapter 33. Administrative Provisions
§ 3316. Substituted property; equivalent value; fiduciary duty.
Universal Citation: 12 DE Code § 3316. (2021)
§ 3316. Substituted property; equivalent value; fiduciary duty.
Except as otherwise expressly provided by 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; 79 Del. Laws, c. 197, § 1;
Disclaimer: These codes may not be the most recent version. Delaware may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
