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35 chapters · 741 sections in this title.
12 Del. C. § 3801. Definitions.
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§ 3801. Definitions. (a) “Beneficial owner” means any owner of a beneficial interest in a statutory trust, the fact of ownership to be determined and evidenced (whether by means of registration (including on, by means of, or in the form of any information storage device, method, …
12 Del. C. § 3802. Contributions by beneficial owners.
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§ 3802. Contributions by beneficial owners. (a) A contribution of a beneficial owner to the statutory trust may be in cash, property or services rendered, or a promissory note or other obligation to contribute cash or property or to perform services; provided however, that a pers…
12 Del. C. § 3803. Liability of beneficial owners and trustees.
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§ 3803. Liability of beneficial owners and trustees. (a) Except to the extent otherwise provided in the governing instrument of the statutory trust, the beneficial owners shall be entitled to the same limitation of personal liability extended to stockholders of private corporatio…
12 Del. C. § 3804. Legal proceedings.
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§ 3804. Legal proceedings. (a) A statutory trust may sue and be sued, and service of process upon 1 of the trustees shall be sufficient. In furtherance of the foregoing, a statutory trust may be sued for debts and other obligations or liabilities contracted or incurred by the tru…