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§ 3326 — Delaware Law | CourtGPT
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  3. Delaware/
  4. Title 12 - Decedents' Estates and Fiduciary Relations/
  5. Chapter 33 - Administrative Provisions§ 3301. Application of Chapter; Definitions [for Application of This Section, See 79 Del. Laws, C. 172, § 6]/
  6. § 3326
Delaware Legal Code

§ 3326

Delaware Title 12 — Delaware law

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(a) For purposes of this section and § 3327 of this title, the term 'officeholder' includes a trustee, an adviser as defined in § 3313 of this title, and a designated representative as defined in § 3339 of this title. (b) An officeholder may resign: (1) If the governing instrument expressly permits the officeholder to resign, in accordance with the terms of the governing instrument; (2) If the governing instrument neither expressly permits nor prohibits the officeholder's resignation, but establishes a procedure for the appointment of a successor officeholder who shall be willing and able to serve as such, upon 30 days written notice to the beneficiaries, those holding the power to appoint a successor officeholder, and any other officeholders; or (3) In all other cases, with the approval of the Court of Chancery. (c) A beneficiary or other officeholder may waive the notice otherwise required by this section. (d) In approving a resignation, the Court of Chancery may impose orders and conditions reasonably necessary for the protection of the trust property, including the appointment of a special fiduciary.

(d) In approving a resignation, the Court of Chancery may impose orders and conditions reasonably necessary for the protection of the trust property, including the appointment of a special fiduciary. (e) Any liability of a resigning officeholder or of any sureties on the officeholder's bond, if any, for acts or omissions of a resigning officeholder is not discharged or affected by the officeholder's resignation.72 Del. Laws, c. 388, § 6; 74 Del. Laws, c. 82, § 7; 83 Del. Laws, c. 69, § 2;

Source: https://delcode.delaware.gov/title12/c033/index.html· Version 2026