Delaware Statutes
§ 3316 — Substituted property; equivalent value; fiduciary duty
Delaware § 3316
This text of Delaware § 3316 (Substituted property; equivalent value; fiduciary duty) 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, § 3316 (2026).
Text
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.
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Legislative History
77 Del. Laws, c. 330, § 5 ; 79 Del. Laws, c. 197, § 1
Nearby Sections
15
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Bluebook (online)
Delaware § 3316, Counsel Stack Legal Research, https://law.counselstack.com/statute/de/12/3316.