Delaware § 3522 Trustees’ accounts for inter vivos trusts

Delaware Statutes

§ 3522 — Trustees’ accounts for inter vivos trusts

Delaware·Title 12·Part Fiduciary Relations·Ch. 35 TRUSTS·Subch. Accounting and Distribution of Trust Funds

Trustees of an inter vivos trust (whether or not property was bequeathed or devised to such trust by a testamentary disposition) shall not be required to file any accounts or inventories with respect to such trust, except:

(1)To the extent provided in the governing instrument;

(2)Upon an order of the Court of Chancery, for cause shown, expressly requiring an accounting by such trustees; or

(3)If such trustees were appointed by the Court of Chancery, then as may be otherwise provided in the order of appointment.

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Trustees of an inter vivos trust (whether or not property was bequeathed or devised to such trust by a testamentary disposition) shall not be required to file any accounts or inventories with respect to such trust, except:

(1) To the extent provided in the governing instrument;

(2) Upon an order of the Court of Chancery, for cause shown, expressly requiring an accounting by such trustees; or

(3) If such trustees were appointed by the Court of Chancery, then as may be otherwise provided in the order of appointment.

Delaware § 3522 (Trustees’ accounts for inter vivos trusts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.