§ 3340. Place of administration [For application of this section, see 80 Del. Laws, c. 153, § 5].
122 words·~1 min read·
/de/title-12/chapter-33-administrative-provisions/3340A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of this title, and without limiting other ways in which a trust may be considered to be administered in this State, a trust is administered in this State if:
(1)The sole trustee is an individual residing in this State or a corporation or other entity having an office for the conduct of trust business in this State;
(2)The trust has more than 1 trustee only 1 of which is a corporation or other entity and that corporation or other entity has an office for the conduct of trust business in this State; or
(3)The trust has more than 1 trustee all of whom are individuals and 1 / 2 or more of whom reside in this State.