Place of administration [For application of this section, see 80 Del. Laws, c. 153, § 5].

§ 3340. Place of administration [For application of this section, see 80 Del. Laws, c. 153, § 5]. 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.80 Del. Laws, c. 153, § 3; 84 Del. Laws, c. 182, § 6;