(a) A person other than a beneficiary who in good faith assists a trustee or who in good faith and for value deals with a trustee without knowledge that the trustee is exceeding or improperly exercising the trustee's powers is protected from liability as if the trustee properly exercised the power.
(b) A person other than a beneficiary who in good faith deals with another person knowing that the other person is a trustee is not required to inquire into the extent of the trustee's powers or the propriety of their exercise.
(c) A person who in good faith delivers assets to a trustee need not ensure their proper application.
(d) A person other than a beneficiary who in good faith assists a former trustee or who for value and in good faith deals with a former trustee without knowledge that the trusteeship has terminated is protected from liability as if the former trustee were still a trustee.
(e) The protection provided by this section to persons assisting or dealing with a trustee is superseded by comparable protective provisions of other laws relating to commercial transactions or to the transfer of securities by fiduciaries.
Structure Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
Subchapter VII. Liability of Trustees and Rights of Persons Dealing With Trustee
§ 3580. Definition [For application of this section, see 79 Del. Laws, c. 172, § 6].
§ 3581. Breach of trust; equitable remedies.
§ 3583. Liability of trustee in absence of breach.
§ 3584. Attorneys' fees and costs.
§ 3586. Reliance on governing instrument.
§ 3587. Events affecting administration or distribution.
§ 3589. Limitation on personal liability of trustee.
§ 3590. Protection of person dealing with trustee.
§ 3591. Certification of trust.
§ 3592. Failure of trust to dispose of all assets.