§ 3506 — Appointment of trustee to convey, assign or transfer trust property from discharged or removed trustee to successor

Delaware § 3506

• Jurisdiction: Delaware
• Title: 12
• Part: Fiduciary Relations
• Ch. 35: TRUSTS
• Subch.: Appointment of Trustee by Court; Title of Appointee to Trust Property

Text

When any person who, having been discharged or removed from any trust by an order or decree of the Court of Chancery, neglects or refuses to convey, assign or transfer the subject matter of such trust to the person who has been appointed by such Court to be the trustee in lieu of the person so discharged or removed, the Court may, upon petition of the person appointed, order a conveyance, assignment or transfer of the subject matter of such trust to be made by a person by such order appointed for that purpose. Any conveyance, assignment or transfer so made shall be as effectual, to all intents and purposes, as if the same were made by the trustee so discharged or the trustee’s heirs or executors.

Legislative History

11 Del. Laws, c. 90, § 5 ; Code 1915, § 3869; Code 1935, § 4393; 12 Del. C. 1953, § 3506; 70 Del Laws, c. 186,, § 1