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§ 3590 — Delaware Law | CourtGPT
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  6. Subchapter VII - Liability of Trustees and Rights of Persons Dealing with Trustee§ 3580. Definition [for Application of This Section, See 79 Del. Laws, C. 172, § 6]/
  7. § 3590
Delaware Legal Code

§ 3590

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(a) A person other than a beneficiary who in good faith assists a trustee or who in good faith and for value deals with a trustee without knowledge that the trustee is exceeding or improperly exercising the trustee's powers is protected from liability as if the trustee properly exercised the power. (b) A person other than a beneficiary who in good faith deals with another person knowing that the other person is a trustee is not required to inquire into the extent of the trustee's powers or the propriety of their exercise. (c) A person who in good faith delivers assets to a trustee need not ensure their proper application. (d) A person other than a beneficiary who in good faith assists a former trustee or who for value and in good faith deals with a former trustee without knowledge that the trusteeship has terminated is protected from liability as if the former trustee were still a trustee. (e) The protection provided by this section to persons assisting or dealing with a trustee is superseded by comparable protective provisions of other laws relating to commercial transactions or to the transfer of securities by fiduciaries.72

n to persons assisting or dealing with a trustee is superseded by comparable protective provisions of other laws relating to commercial transactions or to the transfer of securities by fiduciaries.72 Del. Laws, c. 388, § 7; 73 Del. Laws, c. 409, § 3;