Delaware Code

12 Del. C. § 3525 (2026)

Filing of trustees’ accounts; contents; approval

✓ current as of May 2026

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(a) Trustees required to file accounts as provided in the governing instrument, or in an order of the Court of Chancery, shall file accounts as described in subsection (c) of this section only in accordance with the express terms, if any, of such governing instrument or order.

(b) Trustees otherwise required to file accounts under §§ 3523 and 3524 of this title shall file accounts as described in subsection (c) of this section.

(c) To the extent required in subsections (a) and (b) of this section above, trustees required to file accounts shall file with the Register in Chancery, in the county in which a will creating the trust was probated or in which such appointments were made, and submit for the approval of the Court of Chancery just and true accounts, showing all receipts and disbursements of their trusts, as the Court requires, but not oftener than once in 2 years, unless there is special occasion. Such accounts shall also show the manner in which the principal of the trust is invested. Upon the request of the trustee or of any party in interest the Court shall, and upon its own motion may, proceed to approve or disapprove the investments, but otherwise the Court shall approve or disapprove the remainder of the account without passing upon the manner in which the principal of the trust is invested.

25 Del. Laws, c. 226, § 2; 26 Del. Laws, c. 258, § 1; Code 1915, § 3874; 40 Del. Laws, c. 232, § 1; Code 1935, § 4400; 12 Del. C. 1953, § 3521; 51 Del. Laws, c. 326; 79 Del. Laws, c. 197, § 2; 79 Del. Laws, c. 352, § 4;

Notes of Decisions

Cited in 2 cases (1 in the last 5 years), 1967–2024 · leading case: In the Matter of the Bernadine E. Campo Irrevocable Trust (Del. Ch. 2024).

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In the Matter of the Bernadine E. Campo Irrevocable Trust (Del. Ch. 2024). · cites it 2× “Accounting is approved Under 12 Del. C. § 3525(c), “trustees required to file accounts shall file with the Register in Chancery, … and submit for the approval of the Court of Chancery just and true accounts, showing all receipts and disbursements of their trusts, as the Court…”

May v. duPont, 229 A.2d 784 (Del. 1967). · cites it 2× “On July 9, 1965, soon after the earlier appeal was initiated, the petitioners, as a majority of the executors, delivered the residuary assets to the trustees on the ground that, because of 12 Del.C. § 3525, 1 a transfer at that time was in the best interests of the beneficiaries.”

— 12 Del. C. § 3525(c) — 1 case

In the Matter of the Bernadine E. Campo Irrevocable Trust (Del. Ch. 2024). “Accounting is approved Under 12 Del. C. § 3525(c), “trustees required to file accounts shall file with the Register in Chancery, … and submit for the approval of the Court of Chancery just and true accounts, showing all receipts and disbursements of their trusts, as the Court…”

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