DE · rules
Del. Ch. Ct. R. 109
Bond by Guardian or Trustee; Power of Attorney
(a) If bond, with or without surety, is required by the
Court in the order appointing a guardian or trustee, each
such guardian or trustee and each trustee named in a will
shall before acting as guardian or trustee or being qualified
to act as such give bond or recognizance with any such
surety approved by the Court in such amount as the Court
shall fix. The Court may waive bond or surety.
(b) In the case of a testamentary trust, if the person
designated as trustee is a nonresident of this State or is a
corporation which has neither incorporated nor qualified to
do business under the laws of this State, then before
beginning duties as trustee or being qualified as such, such
trustee shall file in the office of the Register in Chancery
an irrevocable power of attorney designating the Register
in Chancery and the Register in Chancery’s successors in
office as the person upon whom all notices and process
issued by any court of this State may be served, with like
effect as personal service, in relation to any suit, matter,
cause or thing affecting or pertinent to the trust. The
Register in Chancery shall forward forthwith to the
trustee, by registered or certified mail, any notice or
process served upon the Register in Chancery.
(c) When the will creating the trust relieves the
testamentary trustee from giving bond, the court may
require that bond be given if it finds that circumstances
warrant a disregard of the testator’s direction.
Provenance
- Source
- courts.delaware.gov
- Retrieved
- 2026-09-23
- Edition
- 2026-09-23
- Content hash
c6bb852ce002495329141faee2b83c1d4455c58fd8ae2d97eeeb3ef4b268ad1f
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