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DE SB83
Bill
Status
Passed
6/26/2009
Primary Sponsor
Robert Marshall
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AI Summary
SB83 Summary
- Amends Delaware Code Titles 10, 12, 18, and 25 to modify judicial procedure, fiduciary relations, insurance, and property law
- Exempts life insurance contracts and annuity contracts from execution or attachment processes to the same extent as retirement plan assets
- Clarifies that tenancy by the entireties property conveyed to trusts by husband and wife retains its character even when conveyed to different trusts
- Reorganizes and expands trustee authority under Section 3528 to appoint trust principal to secondary trusts with similar beneficiaries and establishes standard of care for such exercises
- Establishes new notice procedures for trust communications allowing trustees to use mail, email, facsimile, electronic transmission, and other reasonable methods with consent
Legislative Description
An Act To Amend Chapter 15, Title 6 Of The Delaware Code Relating To The Creation, Regulation, Operation And Dissolution Of Domestic Partnerships And The Registration And Regulation Of Foreign Limited Liability Partnerships.
Last Action
Signed by Governor
6/26/2009
Committee Referrals
Judiciary6/3/2009
Judiciary4/30/2009
Full Bill Text
No bill text available