Delaware Code

12 Del. C. § 3521 (2026)

Trustees’ accounts in general

✓ current as of May 2026
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Except as otherwise provided in §§ 3522-3524 of this title, trustees (which term, as used in this subchapter, includes successor trustees) shall not be required to file any accounts or inventories with respect to a trust. Trustees required, under §§ 3522-3524 of this title, to file accounts or inventories with respect to a trust shall do so as described in § 3525 of this title, unless later released from such obligation under § 3526 of this title.

79 Del. Laws, c. 352, §  4
Notes of Decisions
Cited in 3 cases, 1972–2000 · leading case: Law v. Law, 753 A.2d 443 (Del. 2000).
Law v. Law, 753 A.2d 443 (Del. 2000). · cites it 2× “It is undisputed that the Trustees did not file the statutory accountings required by 12 Del. C. § 3521 and did not use investment consultants or seek professional advice in their administration of the Trust.”
Bankers Trust Co. v. Duffy, 295 A.2d 725 (Del. 1972). “Finally, although beneficiaries have a right to an accounting, Restatement of Trusts 2nd § 172, this right does not extend to a judicial accounting nor is its purpose the absolution of the trustee.”
Milford Trust Co. v. Stabler, 301 A.2d 534 (Del. Ch. 1973). “* I should also note that under 12 Del.C. § 3521 and Chancery Rule 114, Del.”
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