reglab/housing_qa huggingface dataset:
12 DE Code § 3505. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter I. Appointment of Trustee by Court; Title of Appointee to Trust Property|§ 3505. Appointment of trustee to transfer stock or collect and pay over dividends; effect of appointee's acts.

§ 3505. Appointment of trustee to transfer stock or collect and pay over dividends; effect of appointee's acts. When any person in whose name as trustee or executor (either alone or together with the name of any other person) or in the name of whose testator (whether as trustee or beneficiary) any stock shall be standing or any other person who otherwise has power to transfer or join with any person in transferring any stock to which some other person is beneficially entitled is out of the jurisdiction or not amenable to the process of the Court of Chancery or it is uncertain whether such person is living or dead or if any such trustee or executor or other person neglects or refuses to transfer such stock or receive and pay over the dividends thereof to the person entitled to such stock or dividends, for 20 days next after request in writing by such person so entitled, the Court of Chancery may appoint a person to transfer such stock or to receive and pay over such dividends to the person entitled to the same. Such transfer, receipt or payment shall be as effectual to all intents and purposes as if made by such trustee, executor or other person. 11 Del. Laws, c. 90, §  3;  Code 1915, §  3867;  Code 1935, §  4391;  12 Del. C. 1953, §  3505;
12 DE Code § 3506. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter I. Appointment of Trustee by Court; Title of Appointee to Trust Property|§ 3506. Appointment of trustee to convey, assign or transfer trust property from discharged or removed trustee to successor.

§ 3506. Appointment of trustee to convey, assign or transfer trust property from discharged or removed trustee to successor. When any person who, having been discharged or removed from any trust by an order or decree of the Court of Chancery, neglects or refuses to convey, assign or transfer the subject matter of such trust to the person who has been appointed by such Court to be the trustee in lieu of the person so discharged or removed, the Court may, upon petition of the person appointed, order a conveyance, assignment or transfer of the subject matter of such trust to be made by a person by such order appointed for that purpose. Any conveyance, assignment or transfer so made shall be as effectual, to all intents and purposes, as if the same were made by the trustee so discharged or the trustee's heirs or executors. 11 Del. Laws, c. 90, §  5;  Code 1915, §  3869;  Code 1935, §  4393;  12 Del. C. 1953, §  3506;  70 Del Laws, c. 186,, §  1;
12 DE Code § 3507. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter I. Appointment of Trustee by Court; Title of Appointee to Trust Property|§ 3507. Order of appointment.

§ 3507. Order of appointment. The Court of Chancery shall make any appointment or direction under §§ 3503-3506 of this title by an order made in any case pending in that Court or upon petition of the person entitled to such conveyance, assignment, transfer or payment. When the title of the person claiming such conveyance, assignment, transfer or payment may require investigation or it otherwise appears improper to make an order for the same on petition, the Court may direct a complaint to be filed to establish the right. 11 Del. Laws, c. 90, §  4;  Code 1915, §  3868;  Code 1935, §  4392;  12 Del. C. 1953, §  3507;
12 DE Code § 3508. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter I. Appointment of Trustee by Court; Title of Appointee to Trust Property|§ 3508. Appointment of fiduciary to receive benefits payable by the United States.

§ 3508. Appointment of fiduciary to receive benefits payable by the United States. (a) Whenever any military or administrative body or agency of the government of the United States of America is authorized or directed to pay monetary benefits to any person and the said body or agency requires that a trustee or guardian be appointed by a court to receive such benefits, the Court of Chancery, upon the presentation of a petition drawn and executed in conformity with the rules of the Court, upon evidence satisfactory to the Court, shall appoint a trustee or guardian with authority to receive said moneys and all other property, and to disburse and account for the same in accordance with the rules and orders of the Court. (b) There shall be no charge made by any public officer nor any costs taxed or allowed by the Court in any proceeding brought under this section or in subsequent proceedings brought by a fiduciary appointed under this section. (c) A trustee or guardian appointed under this section shall be entitled to such reasonable expenses and compensation as the Court allows. Code 1915, §  3869A;  31 Del. Laws, c. 64, §  1;  34 Del. Laws, c. 217, §  1;  Code 1935, §  4394;  12 Del. C. 1953, §  3508;  54 Del. Laws, c. 245.;
12 DE Code § 3509. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter I. Appointment of Trustee by Court; Title of Appointee to Trust Property|§ 3509. Vesting of title to trust property in successor trustee.

§ 3509. Vesting of title to trust property in successor trustee. Whenever the sole or surviving trustee dies or is removed or a trustee renounces a trust or a trust is created and no person is appointed by name or description to execute the same and whenever in such or any case a trustee shall be appointed by the Court of Chancery, then upon the giving by said trustee of the security required to be given by the trustee, all the trust property, estate and effects, of every kind whatsoever and wheresoever situate and being, shall forthwith and without any act or deed pass to and be vested in such new or succeeding trustee. 23 Del. Laws, c. 197, §  1;  Code 1915, §  3870;  Code 1935, §  4395;  12 Del. C. 1953, §  3509;  70 Del Laws, c. 186,, §  1;
12 DE Code § 3510. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter I. Appointment of Trustee by Court; Title of Appointee to Trust Property|§ 3510. Vesting of title to trust realty in successor trustee appointed pursuant to trust instrument; deed of appointment.

§ 3510. Vesting of title to trust realty in successor trustee appointed pursuant to trust instrument; deed of appointment. Whenever any trust of real estate has been or shall hereafter be created by deed or will duly recorded or proved within this State and such deed or will contains provisions for the appointment by deed or instrument of writing of new trustees, either by a surviving trustee or trustees or by any other person or persons designated in and by such deed or will, upon the due execution and acknowledgment of a deed of appointment by the proper party or parties, and its being filed for record in the office of the recorder of deeds in and for the county in which the land which is the subject of the trust is situated, the legal title to the lands so held in trust shall thereupon vest in such new trustee or trustees in the same manner and with the same effect, to all intents and purposes, as if such trustees had been originally appointed by the deed or will creating the trust and no conveyance shall be necessary to vest such title. 19 Del. Laws, c. 250, §  1;  Code 1915, §  3871;  Code 1935, §  4396;  12 Del. C. 1953, §  3510;
12 DE Code § 3521. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter II. Accounting and Distribution of Trust Funds|§ 3521. Trustees' accounts in general.

§ 3521. Trustees' accounts in general. Except as otherwise provided in §§ 3522-3524 of this title, trustees (which term, as used in this subchapter, includes successor trustees) shall not be required to file any accounts or inventories with respect to a trust. Trustees required, under §§ 3522-3524 of this title, to file accounts or inventories with respect to a trust shall do so as described in § 3525 of this title, unless later released from such obligation under § 3526 of this title. 79 Del. Laws, c. 352, §  4;
12 DE Code § 3522. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter II. Accounting and Distribution of Trust Funds|§ 3522. Trustees' accounts for inter vivos trusts.

§ 3522. Trustees' accounts for inter vivos trusts. Trustees of an inter vivos trust (whether or not property was bequeathed or devised to such trust by a testamentary disposition) shall not be required to file any accounts or inventories with respect to such trust, except:  (1) To the extent provided in the governing instrument; (2) Upon an order of the Court of Chancery, for cause shown, expressly requiring an accounting by such trustees; or (3) If such trustees were appointed by the Court of Chancery, then as may be otherwise provided in the order of appointment.79 Del. Laws, c. 352, §  4;
12 DE Code § 3523. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter II. Accounting and Distribution of Trust Funds|§ 3523. Trustees' accounts in wills probated prior to April 5, 1909.

§ 3523. Trustees' accounts in wills probated prior to April 5, 1909. Trustees named in wills probated prior to April 5, 1909, may file and submit accounts of their trusts at such times as they deem necessary and they shall be required to file and submit accounts only upon a rule of the Register in Chancery issued upon them pursuant to the written request of anyone beneficially interested in their trusts or upon the order of the Court of Chancery. 25 Del. Laws, c. 226, §  2;  26 Del. Laws, c. 258, §  1;  Code 1915, §  3874;  40 Del. Laws, c. 232, §  1;  Code 1935, §  4400;  12 Del. C. 1953, §  3523;  79 Del. Laws, c. 352, §  4;
12 DE Code § 3524. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter II. Accounting and Distribution of Trust Funds|§ 3524. Trustees' accounts for other testamentary trusts [For application of this section, see 80 Del. Laws, c. 153, § 5].

§ 3524. Trustees' accounts for other testamentary trusts [For application of this section, see 80 Del. Laws, c. 153, § 5]. (a) Trustees of a testamentary trust shall be required to file accounts as described in § 3525 of this title, except that:  (1) Trustees subject to § 3523 of this title shall file accounts only in accordance with such section. (2) Trustees of a testamentary trust established under a will probated on or after April 5, 1909, but of a decedent dying on or before July 31, 2005, shall be required to file accounts as described in § 3525 of this title unless waived by express provision in such will, in which case such trustees shall be required to file such accounts only in accordance with the express terms, if any, of such will or upon order of the Court of Chancery with respect to any such trust. (3) Trustees of a testamentary trust established under the will of a decedent dying after July 31, 2005, shall be required to file accounts as described in § 3525 of this title only in accordance with the express terms, if any, of any such trust or upon order of the Court of Chancery with respect to any such trust. (b) [Repealed.] 79 Del. Laws, c. 352, §  4;  80 Del. Laws, c. 153, §  4;  81 Del. Laws, c. 320, § 5;
12 DE Code § 3525. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter II. Accounting and Distribution of Trust Funds|§ 3525. Filing of trustees' accounts; contents; approval.

§ 3525. Filing of trustees' accounts; contents; approval. (a) Trustees required to file accounts as provided in the governing instrument, or in an order of the Court of Chancery, shall file accounts as described in subsection (c) of this section only in accordance with the express terms, if any, of such governing instrument or order. (b) Trustees otherwise required to file accounts under §§ 3523 and 3524 of this title shall file accounts as described in subsection (c) of this section. (c) To the extent required in subsections (a) and (b) of this section above, trustees required to file accounts shall file with the Register in Chancery, in the county in which a will creating the trust was probated or in which such appointments were made, and submit for the approval of the Court of Chancery just and true accounts, showing all receipts and disbursements of their trusts, as the Court requires, but not oftener than once in 2 years, unless there is special occasion. Such accounts shall also show the manner in which the principal of the trust is invested. Upon the request of the trustee or of any party in interest the Court shall, and upon its own motion may, proceed to approve or disapprove the investments, but otherwise the Court shall approve or disapprove the remainder of the account without passing upon the manner in which the principal of the trust is invested. 25 Del. Laws, c. 226, §  2;  26 Del. Laws, c. 258, §  1;  Code 1915, §  3874;  40 Del. Laws, c. 232, §  1;  Code 1935, §  4400;  12 Del. C. 1953, §  3521;  51 Del. Laws, c. 326;  79 Del. Laws, c. 197, §  2;  79 Del. Laws, c. 352, §  4;
12 DE Code § 3527, 3527A. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter II. Accounting and Distribution of Trust Funds|§ 3527, 3527A. Total return unitrusts; express total return unitrusts.

§ 3527, 3527A. Total return unitrusts; express total return unitrusts. Transferred by 77 Del. Laws, c. 330, § 10, effective Aug. 1, 2010, to §§ 61-106 and 61-107 of this title.
12 DE Code § 3531. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter III. General Provisions|§ 3531. Renunciation by trustee named in trust instrument; filing and recording.

§ 3531. Renunciation by trustee named in trust instrument; filing and recording. Whenever, by any will, deed or other instrument, a trustee is named and before the acceptance of the trust the person named as such trustee renounces and declines to perform the duties imposed thereby, the trustee may make and file in the office of the Register in Chancery of the county where such will, deed or instrument may be probated or recorded a written renunciation setting forth in general terms the instrument of appointment and that trustee has not accepted the trust or exercised any powers or performed any duties thereunder and trustee declines to act under such appointment. The Register in Chancery shall record and index such renunciation in the Chancery docket. Code 1915, §  3871;  33 Del. Laws, c. 230, §  1;  Code 1935, §  4397;  12 Del. C. 1953, §  3531;  70 Del Laws, c. 186,, §  1;  77 Del. Laws, c. 98, §  14;
12 DE Code § 3532. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter III. General Provisions|§ 3532. Transfer of stocks, bonds or other corporate securities by trustee; certificate of Register in Chancery.

§ 3532. Transfer of stocks, bonds or other corporate securities by trustee; certificate of Register in Chancery. Upon the transfer by trustees of the stocks, bonds or other securities of any corporation, the certificate of the Register of the Court of Chancery in which such trustee was appointed or other proper public official, according to the form and provisions of § 1572 of this title, shall be sufficient authority to the officers of such corporation to transfer or reissue such stocks, bonds or other securities to such person as such trustee in writing directs. 20 Del. Laws, c. 115, §  5;  Code 1915, §  3878;  Code 1935, §  4402;  12 Del. C. 1953, §  3532;
12 DE Code § 3533. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter III. General Provisions|§ 3533. Sale of trust property free from trust; procedure.

§ 3533. Sale of trust property free from trust; procedure. Upon petition of any trustee having the legal title to any property, real, personal or mixed, setting forth that the sale and conversion thereof would be for the best interests of the trust estate and the persons beneficially interested in the trust, the Court of Chancery may, by order made thereon in its discretion, except where such sale or conversion has been prohibited by the instrument creating the trust, authorize and direct such trustee to sell the whole or so much as may be proper of such trust property and to transfer and convey the same to the purchaser thereof, absolutely and in fee simple, freed from any trust and without liability on the part of such purchaser as to the application of the purchase money. In cases where the sale or conversion of trust property has not been expressly prohibited by the instrument creating the trust, but the instrument provides that the trustee shall sell or convert only with the consent of 1 or more persons or makes the trustee's power of sale contingent on 1 or more persons joining in its exercise, the Court of Chancery may confer upon the trustee power to make the sale or conversion without such consent or without any 1 or more of such persons joining in the exercise of such power of sale if any 1 or more of the persons required to consent or to join in such exercise of the trustee's power of sale shall be a minor, non compos mentis, have died, unreasonably withhold consent or be absent and unheard of and in the opinion of the Court the sale or conversion is for the best interests of the trust estate and the persons beneficially interested therein. The proceeds of all sales made under the authority of this section shall be held under and subject to the same trusts as those to which the property sold was subject and, in cases where real property is to be sold, the trustee thereof shall first give sufficient bond, with surety to be approved by the Court, for the preservation and protection of the proceeds of such sales for the purposes of the trust and subject to the orders and decrees of the Court in the premises. 20 Del. Laws, c. 115, §  4;  Code 1915, §  3879;  Code 1935, §  4403;  47 Del. Laws, c. 382, §  1;  12 Del. C. 1953, §  3533;
12 DE Code § 3534. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter III. General Provisions|§ 3534. Notice procedure.

§ 3534. Notice procedure. Except as may be expressly provided in the trust instrument to the contrary, the following shall apply to any trust the administration of which is governed by this title:  (1) Except for service or notice pursuant to a judicial proceeding whereby such matters are covered by an applicable court rule, any notice of, or communication pertaining to, a trust by a fiduciary of such trust to a beneficiary, other fiduciary or other person having an interest in the trust pursuant to the express terms of the trust instrument or by any such person to a fiduciary, including without limitation notice required under § 3312 of this title, may be given to such person or such person's representative under § 3547 of this title:  a. By regular U.S. mail or commercial carrier to the mailing address reasonably determined to be such person's address; b. By facsimile telecommunication to a number at which such person last consented to receive notice; c. By electronic mail to an electronic mail address at which such person last consented to receive notice; d. By a posting on an electronic network, provided notice of such posting is delivered to such person; e. By any other form of electronic transmission as to which such person last consented to receive notice; f. By regular U.S. mail or commercial carrier to the address at which such person last consented to receive notice; or g. By such other manner reasonably suitable under the circumstances and likely to result in receipt. (2) Notwithstanding any other provision of this Code or other law, a trustee shall have no duty to confirm the reliability of an approved address, and, without creating such a duty, a trustee may withhold notice, including to an approved address, while it exercises reasonable diligence to obtain confirmation that it has a reliable address for such person. (3) Any person may waive in writing the right to receive notice of a trust or other communications pertaining to a trust, and may thereafter rescind such waiver in writing delivered to the trustee. A trustee without actual notice to the contrary may rely on the representation of a predecessor trustee or a co-trustee pertaining to a waiver or rescission. (4) For purposes of this section:  a. A “commercial carrier” shall mean a carrier authorized by the United States Department of the Treasury to deliver notices or returns for purposes of satisfying delivery under the Internal Revenue Code. b. The term “electronic transmission” shall mean any form of communication, not directly involving the physical transmission of paper, that creates a record that may be retained, retrieved and reviewed by a recipient thereof, and that may be directly reproduced in paper form by such a recipient through an automated process.78 Del. Laws, c. 117, §  8;
12 DE Code § 3535. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter III. General Provisions|§ 3535. Powers of appointment, rule against perpetuities and restraints on alienation.

§ 3535. Powers of appointment, rule against perpetuities and restraints on alienation. The validity of an estate or interest in property created through the exercise of a power of appointment shall, for the purposes of any rule or law against perpetuities, remoteness of vesting, restraint upon the power of alienation or accumulations, be governed by Chapter 5 of Title 25. 12 Del. C. 1953, §  3535;  77 Del. Laws, c. 330, §  11;
12 DE Code § 3537. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 35. Trusts|Subchapter III. General Provisions|§ 3537. Conveyance of realty by infant trustee.

§ 3537. Conveyance of realty by infant trustee. Any person under the age of 18 years, having real estate in trust for others, may, by direction of the Court of Chancery given upon hearing all parties concerned on the petition of those for whom such infant is trustee or of the guardian of such infant, convey and assure such real estate, in such manner as the Court directs, to any other person. Such conveyance shall be as good and effectual in law as if the infant was of full age. Such infant may be compelled to execute such order, in like manner as trustees of full age are compellable to convey or assure trust estates. Code 1852, §  1947;  Code 1915, §  3862;  Code 1935, §  4386;  12 Del. C. 1953, §  3537;  58 Del. Laws, c. 511, §  16;