Delaware § 7328 Disposition of proceeds from petitioner’s estate

Delaware Statutes

§ 7328 — Disposition of proceeds from petitioner’s estate

Delaware § 7328

JurisdictionDelaware

Title10

PartSpecial Proceedings

Ch. 73INSOLVENCY

Subch.Proceedings Under Assignment

This text of Delaware § 7328 (Disposition of proceeds from petitioner’s estate) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 10, § 7328 (2026).

Text

The net proceeds of the petitioner’s estate, after deducting just expenses of executing the trust and a reasonable commission to the trustees, shall be applied towards payment of such demands against the petitioner as are exhibited to the trustees within 1 year after the date of the assignment, and no others. If the proceeds are insufficient to pay the whole amount of the demands, they shall be apportioned pro rata. Any overplus shall be returned to the petitioner, the petitioner’s heirs, executors, or administrators.

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The net proceeds of the petitioner’s estate, after deducting just expenses of executing the trust and a reasonable commission to the trustees, shall be applied towards payment of such demands against the petitioner as are exhibited to the trustees within 1 year after the date of the assignment, and no others. If the proceeds are insufficient to pay the whole amount of the demands, they shall be apportioned pro rata. Any overplus shall be returned to the petitioner, the petitioner’s heirs, executors, or administrators.