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.
Structure Delaware Code
Chapter 1. GENERAL CORPORATION LAW
Subchapter XI. Insolvency; Receivers and Trustees
§ 291. Receivers for insolvent corporations; appointment and powers.
§ 292. Title to property; filing order of appointment; exception.
§ 293. Notices to stockholders and creditors.
§ 294. Receivers or trustees; inventory; list of debts and report.
§ 295. Creditors' proofs of claims; when barred; notice.
§ 296. Adjudication of claims; appeal.
§ 297. Sale of perishable or deteriorating property.
§ 298. Compensation, costs and expenses of receiver or trustee.
§ 299. Substitution of trustee or receiver as party; abatement of actions.
§ 300. Employee's lien for wages when corporation insolvent.
§ 301. Discontinuance of liquidation.
§ 302. Compromise or arrangement between corporation and creditors or stockholders.
§ 303. Proceeding under the Federal Bankruptcy Code of the United States; effectuation.