§ 2336 — Distribution of assets in kind

Delaware § 2336

• Jurisdiction: Delaware
• Title: 12
• Part: Administration of Decedents’ Estates
• Ch. 23: ACCOUNTING AND DISTRIBUTION
• Subch.: Decree of Distribution

Text

Whenever it appears in any proceeding under this subchapter that the balance of the estate, after the payment of debts, includes stocks, bonds or other securities, the Court may direct distribution of such assets in kind to and among those lawfully entitled thereto, including fiduciaries. Such distribution in kind shall specify what stocks, bonds or other securities shall be distributed to each distributee separately. Any fiduciary to whom such a distribution in kind has been made may accept the stocks, bonds or other securities so distributed, but, with respect to the retention thereof after such distribution, such fiduciary shall be governed by the general law applicable thereto.

Legislative History

Code 1915, § 3403(a); 38 Del. Laws, c. 184, § 1 ; Code 1935, § 3867; 42 Del. Laws, c. 143, § 1 ; 12 Del. C. 1953, § 2336; 59 Del. Laws, c. 384, § 1