Senate Bill 244 (Chapter 264) signed by the governor July 23 and effective August 1 amends the Statutory Trust Act to clarify the ability to enter into contracts between series of a trust, vesting title to trust assets in a trustee does not require the trustee to become a separate party to contracts, changing default voting thresholds for registered investment companies organized as trusts, enabling a trust to divide into two or more trusts, relating to the use of electronic signatures, permitting judicial cancelation of a trust in extraordinary circumstances and regulation of registered agents for trusts.

Delaware – Bill Amends Statutory Trust Act