Delaware Code
Subchapter III. General Provisions
§ 3540. Powers and duties of certain trustees.

All trustees of any trust governed by the laws of this State whose governing instrument or instruments do not expressly provide that this section shall not apply to such trust are required to act or to refrain from acting so as not to subject the trust to the taxes imposed by §§ 4941 (relating to taxes on self-dealing), 4942 (relating to taxes on failure to distribute income), 4943 (relating to taxes on excess business holdings), 4944 (relating to taxes on investments which jeopardize charitable purpose) or 4945 (relating to taxable expenditures) of the Internal Revenue Code of 1954 [26 U.S.C. §§ 4941-4945], or corresponding provisions of any subsequent United States internal revenue law.

Structure Delaware Code

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.

§ 3532. Transfer of stocks, bonds or other corporate securities by trustee; certificate of Register in Chancery.

§ 3533. Sale of trust property free from trust; procedure.

§ 3534. Notice procedure.

§ 3535. Powers of appointment, rule against perpetuities and restraints on alienation.

§ 3536. Rights of creditors and assignees of beneficiary of trust [For application of this section, see 79 Del. Laws, c. 172, § 6].

§ 3536A. Release of beneficial interests by beneficiaries.

§ 3537. Conveyance of realty by infant trustee.

§ 3538. Testamentary trusts; certification of by Register of Wills to Register in Chancery; record.

§ 3539. Charitable trust; sale of timber on lands; application of proceeds.

§ 3540. Powers and duties of certain trustees.

§ 3541. Administration of charitable trusts or noncharitable purpose trusts; cy pres rule.

§ 3542. Termination of small trusts [For application of this section, see 80 Del. Laws, c. 153, § 5].

§ 3543. Distribution of estate or trust assets without creation of trust.

§ 3544. Successor trustee.

§ 3545. Limitations on oral trusts; execution requirements for written trusts [For application of this section, see 81 Del. Laws, c. 320, §  8].

§ 3546. Limitation on action contesting validity of trusts [For application of this section, see 80 Del. Laws, c. 153, § 5].

§ 3547. Representation by person with a substantially identical interest [For application of this section, see 79 Del. Laws, c. 172, § 6].

§ 3548. Limited purpose trust companies; general powers of appointment.

§ 3549. Marital deduction gift; compliance with Internal Revenue Code; fiduciary powers.

§ 3550. Electronic execution of documents.