HB298 amends Delaware Code Title 12 to modify regulations on statutory trusts, including voting rights, dissolution, and management.

HB298 amends Delaware Code Title 12 to revise regulations on statutory trusts. Key changes include modifying voting rights for control beneficial interests, allowing for the dissolution of series within a statutory trust without dissolving the entire trust, and clarifying the management and liability of trustees and beneficial owners. The bill also updates provisions on the registration of foreign statutory trusts and the filing of certificates related to mergers, consolidations, and divisions of statutory trusts. Effective August 1, 2026.

HB298 amends Delaware Code Title 12 to modify regulations on statutory trusts, including voting rights, dissolution, and management.

HB298 amends Delaware Code Title 12 to revise regulations on statutory trusts. Key changes include modifying voting rights for control beneficial interests, allowing for the dissolution of series within a statutory trust without dissolving the entire trust, and clarifying the management and liability of trustees and beneficial owners. The bill also updates provisions on the registration of foreign statutory trusts and the filing of certificates related to mergers, consolidations, and divisions of statutory trusts. Effective August 1, 2026.