An Act to Amend Titles 12,25 and 30 of the Delaware Code Relating to Decedents’ Estates and Fiduciary Relations, Property and State Taxes.
It became law on Aug 30, 2017.
- Stage
- Became law
- Started in
- House
- Sponsors
- +8
- Latest action
- Aug 30, 2017
What it does
Section 1 of the Act (i) clarifies that the defined term “agents”, as used in chapter 33 of title 12, consistent with common usage of the term, includes all agents defined as such by the general law of agency; (ii) modifies section 3312 to provide that the rules of that section, permitting certain investments and transactions with affiliates, apply in cases where the investment or counterparty to the transaction is affiliated with an agent having discretionary investment authority over a fund either by reason of a delegation to the agent by a fiduciary or by reason of a direct grant of such discretion to the agent; (iii) adds a new section 3313A, patterned upon section 3313, regarding the…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
It is law in Delaware. What happens now is up to the agency that carries it out, the courts, and the place itself.