Delaware § 3404 Irrevocable trust accounts

Delaware Statutes

§ 3404 — Irrevocable trust accounts

Delaware § 3404

Title5

PartOther Businesses Under Jurisdiction of State Banking Department

Ch. 34PRENEED FUNERAL CONTRACTS

This text of Delaware § 3404 (Irrevocable trust accounts) 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. 5, § 3404 (2026).

Text

(a)Any person, partnership or corporation who enters into a preneed funeral contract has the option, at any time, to establish an irrevocable trust for all funds or any portion of payments made or to be made under the agreement, contract or plan. At no time shall such funds exceed $15,000.

(b)The trust document establishing an irrevocable trust shall contain such specific provisions as the Commissioner may by regulation require.

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(a) Any person, partnership or corporation who enters into a preneed funeral contract has the option, at any time, to establish an irrevocable trust for all funds or any portion of payments made or to be made under the agreement, contract or plan. At no time shall such funds exceed $15,000.

(b) The trust document establishing an irrevocable trust shall contain such specific provisions as the Commissioner may by regulation require.