Delaware § 298 Compensation, costs and expenses of receiver or trustee

Delaware Statutes

§ 298 — Compensation, costs and expenses of receiver or trustee

Delaware § 298

Title8

Ch. 1GENERAL CORPORATION LAW

Subch.Insolvency; Receivers and Trustees

This text of Delaware § 298 (Compensation, costs and expenses of receiver or trustee) 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. 8, § 298 (2026).

Text

The Court of Chancery, before making distribution of the assets of a corporation among the creditors or stockholders thereof, shall allow a reasonable compensation to the receiver or trustee for such receiver’s or trustee’s services, and the costs and expenses incurred in and about the execution of such receiver’s or trustee’s trust, and the costs of the proceedings in the Court, to be first paid out of the assets.

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The Court of Chancery, before making distribution of the assets of a corporation among the creditors or stockholders thereof, shall allow a reasonable compensation to the receiver or trustee for such receiver’s or trustee’s services, and the costs and expenses incurred in and about the execution of such receiver’s or trustee’s trust, and the costs of the proceedings in the Court, to be first paid out of the assets.