Delaware § 3593 Interest on pecuniary gifts in trust [For application of this section, see 79 Del. Laws, c. 172, § 6]

Delaware Statutes

§ 3593 — Interest on pecuniary gifts in trust [For application of this section, see 79 Del. Laws, c. 172, § 6]

Delaware·Title 12·Part Fiduciary Relations·Ch. 35 TRUSTS·Subch. Liability of Trustees and Rights of Persons Dealing With Trustee

Except where circumstances justify a longer period, pecuniary gifts from an inter vivos trust which are payable as of the death of the trustor or another person, shall bear interest at the rate of 4 percent per annum payable from the trust beginning 13 months after such death, or, if there is a change of trustee as a result of such death, 13 months after the trustee first takes office as trustee following such death, until payment, unless a contrary intent is indicated by the governing instrument.

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Except where circumstances justify a longer period, pecuniary gifts from an inter vivos trust which are payable as of the death of the trustor or another person, shall bear interest at the rate of 4 percent per annum payable from the trust beginning 13 months after such death, or, if there is a change of trustee as a result of such death, 13 months after the trustee first takes office as trustee following such death, until payment, unless a contrary intent is indicated by the governing instrument.

Delaware § 3593 (Interest on pecuniary gifts in trust [For application of this section, see 79 Del. Laws, c. 172, § 6]) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.