Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1895-03-07
CONCERNING INVESTMENTS.


Summary of the Iill of Which Senator
Records Has Given Notice Ia the Legis-
lature.
Stan correspondence OF Gazette and journal.
DOVER, March Ex-senator Records gave
notice of an act to further amend chapter
2OS, Vol. XVIII, Laws OF Delaware. as
amended by chapter Dag, Vol. &IX, Laws
OF Delaware, concerning Investments by
guardians and trustees.
Section ! amends section 1 of chapter
2OS, Vol. XVIII, by striking out all he
tween the work share in the ninth line
and the word and" i'll the twelfth line
shares Of the capital stock or bonds OF
any corporation or association held or
owned by such testator or interstate
the appraised value thereoE''-and in
sorting in lieu thereof the following
In specie by assignment, transfer or
delivery, according to the nature and char
acter of the property, to be made by the
executor or administrator of any testator
or lntestate TO such guardian or trustee of
any stocks, bonds, Judgments, mortgages,
Investments or other personal property
held or owned by such testator or intestate
AZ the time Of his death ut the appraised
value thereof and such assignment, trans.
fer or delivery shall vest the legal title to
any such Investments or property in such
guardian and trustee
Section strikes out of section of said
act between the word stocks" and the
word So in the 18th line and inserts
bonds judgments, mortgages nyestments
or other personal properly
Section s further amends said chapter
2Os, Vol. XVIII, by adding thereto the fol-
! lowing, TO be published as section . of said
| act That whenever an executor or ad-
ministratOT shall make an assignment of
any investment or shall transfer or deliver
any personal property Of any testator or
| intestate under the provisions Of this net
he shall take from the guardian. or trustee
copy OF the inventory and uppraisemeut
OF such Investment and personal property
| with the receipt of SUCH guardian or trus.
tee therefor thereon endorsed and deliver
| the same to the register Uf wills, before
| whom It shall be the duty Of such executor
| or administrator to pass his accounts, and
| the same shall be entered by the register
III the accounts passed before him by such
executor or adm nistratUr at the several
| appraselnents Of such stocks, bonds iudg.
| luents, mortgages, Investments or other
| personal property as collection or payment
OF money coming into tile hands oE such
executor or administrator"
section ! further amends chapter 2OS,
! Vol. XVIII, by adding thereto the follow.
| ing TO be published as section 3: That an
assignment, transfer or delivery of any
investment or personal property made
| under the provisions of THIS act anu in
compliance Herewith Shall be sufficient
| discharge of such executor or admins.
| traitor and of his surcGlus fU- the invest.
ments and property SO assigned, trans.
terred or Delivered
Section 5proyldcs that chapter POS Vol.
Xviii, as hereby amended, and the amend.
ments thereto passed May 9TH, 1881, being
chapter 2lb, Vol. NlX, shall be- published
entire as amended ana supplemented with
the acts OF the present session.
Section u says that sections and 3 of
chapter 2lG, Vol. Y Y, shall be published
with the acts Of the present session US see
tions and B respectively Of chapter gOs
Vol, XVIII as amended.