Delaware § 3340 Place of administration [For application of this section, see 80 Del. Laws, c. 153, § 5]

Delaware Statutes

§ 3340 — Place of administration [For application of this section, see 80 Del. Laws, c. 153, § 5]

Delaware·Title 12·Part Fiduciary Relations·Ch. 33 ADMINISTRATIVE PROVISIONS

For purposes of this title, and without limiting other ways in which a trust may be considered to be administered in this State, a trust is administered in this State if:

(1)The sole trustee is an individual residing in this State or a corporation or other entity having an office for the conduct of trust business in this State;

(2)The trust has more than 1 trustee only 1 of which is a corporation or other entity and that corporation or other entity has an office for the conduct of trust business in this State; or

(3)The trust has more than 1 trustee all of whom are individuals and1/2or more of whom reside in this State.

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For purposes of this title, and without limiting other ways in which a trust may be considered to be administered in this State, a trust is administered in this State if:

(1) The sole trustee is an individual residing in this State or a corporation or other entity having an office for the conduct of trust business in this State;

(2) The trust has more than 1 trustee only 1 of which is a corporation or other entity and that corporation or other entity has an office for the conduct of trust business in this State; or

(3) The trust has more than 1 trustee all of whom are individuals and1/2or more of whom reside in this State.

Delaware § 3340 (Place of administration [For application of this section, see 80 Del. Laws, c. 153, § 5]) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.