Delaware Statutes

§ 3330 — Construction or interpretation affecting validity under rule against perpetuities, applicability of later-enacted laws, and class determination; effect of survivorship requirement

Delaware·Title 12·Part Fiduciary Relations·Ch. 33 ADMINISTRATIVE PROVISIONS
(a)In the construction or interpretation of any governing instrument, the following rules shall apply in the absence of any contrary expression of intent in such governing instrument:
(1)The period of time during which an interest in trust is revocable pursuant to the uncontrolled volition of the person having such a power of revocation shall not be included in determining whether the trust is invalid under the rule against perpetuities.
(2)There shall be no presumption that a testator or trustor did or did not intend that any law apply to a governing instrument which was not in effect on the date of execution of such governing instrument.
(3)Except where the governing instrument expressly provides to the contrary, the determination of a class shall be governed by the law in effect

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Delaware § 3330 (Construction or interpretation affecting validity under rule against perpetuities, applicability of later-enacted laws, and class determination; effect of survivorship requirement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

74 Del. Laws, c. 82, §§ 5, 7 ; 81 Del. Laws, c. 320, § 4 ; 82 Del. Laws, c. 278, § 1

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