(a) If a minor has real or personal property and no guardian, the Court of Chancery may appoint a receiver to take charge of such property during its pleasure and may make such regulations touching this matter, as are deemed proper. The Court may enforce any order made upon a receiver.
(b) The receiver shall be required to account annually or oftener and shall deposit any balance, appearing in the receiver's hands, to be invested or otherwise disposed of for the minor's benefit.
(c) A receiver, appointed under this section, shall become bound, with sufficient surety, to the State in a joint and several obligation, to be approved by the Court, with condition, in substance, to account for all money, effects and estate which shall come to the receiver's hands pursuant to the receiver's appointment and to pay and deliver the same as the Court orders and to well and faithfully execute the trusts and duties of the office of receiver.
Structure Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
Subchapter I. Appointment, Bond and Tenure of Guardian
§ 3901. Appointment of guardians for persons with disabilities.
§ 3902. Appointment of guardian; choice by minor over 14 years of age; guardian ad litem.
§ 3903. Separate guardian of the person and property.
§ 3904. Foreign guardians of nonresidents.
§ 3905. Guardian's bond; requirement; form and entry.
§ 3906. Guardian's bond; additional security; removal for noncompliance.
§ 3907. Counter security upon petition of surety.
§ 3908. Removal, resignation or death of guardian.
§ 3910. Receiver for property of minor; appointment, powers, accounting and bond.