DE HB298

Amends Delaware Code Title 12 to update statutory trust regulations, replacing references to "subchapter" with "chapter" throughout to reflect broader applicability of the provisions.

Expands personal liability protections for advisers (as defined in § 3313) acting on behalf of statutory trusts, adding them to the existing list of protected parties including officers, employees, and managers.

Clarifies that subscriptions for beneficial interests are irrevocable if explicitly stated as such in the subscription terms, whether submitted in writing, electronically, or otherwise permitted by law.

Establishes that registered agents may not perform duties solely through virtual offices or mail forwarding services, requiring physical presence or business office availability in Delaware.

Adds provisions allowing dissolution of a statutory trust series to be revoked under specified conditions, and permits certificates of cancellation filed prematurely to be nullified (not just corrected) through a certificate of correction filing.