Delaware § 3305 Retention by bank or trust company acting as a fiduciary of its own stock

Delaware Statutes

§ 3305 — Retention by bank or trust company acting as a fiduciary of its own stock

Delaware § 3305

Title12

PartFiduciary Relations

Ch. 33ADMINISTRATIVE PROVISIONS

This text of Delaware § 3305 (Retention by bank or trust company acting as a fiduciary of its own stock) 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. 12, § 3305 (2026).

Text

Unless expressly provided otherwise in any instrument specified in § 3303 of this title, a bank or trust company acting as a fiduciary and authorized so to act may retain in a trust estate shares of its own capital stock acquired in any manner referred to in § 3304 of this title, as effectively as though the instrument creating or defining the fiduciary’s duties and powers expressly so provided, subject to the limitations of the standards set forth in § 3302 of this title.

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Unless expressly provided otherwise in any instrument specified in § 3303 of this title, a bank or trust company acting as a fiduciary and authorized so to act may retain in a trust estate shares of its own capital stock acquired in any manner referred to in § 3304 of this title, as effectively as though the instrument creating or defining the fiduciary’s duties and powers expressly so provided, subject to the limitations of the standards set forth in § 3302 of this title.

Legislative History

25 Del. Laws, c. 226, § 3 ; Code 1915, § 3875; 37 Del. Laws, c. 259, § 1 ; 40 Del. Laws, c. 230, § 1 ; Code 1935, § 4401; 44 Del. Laws, c. 171, § 1 ; 47 Del. Laws, c. 19, § 1 ; 48 Del. Laws, c. 41, § 1 ; 12 Del. C. 1953, § 3305