Committee reviews routine trust‑code updates in two House bills
House Bills 297 and 298 would update Delaware trust and statutory‑trust statutes to clarify fiduciary duties, trustee appointment processes, certificates of trust and disclosure rules; bar witnesses described the measures as routine housekeeping.
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The committee considered two House bills to update Delaware trust law. House Bill 297 would amend Titles 12 and 25 to clarify how fiduciaries and nonfiduciaries make decisions, refine directed‑trust and beneficiary‑well‑being provisions, and streamline nonjudicial procedures for appointing trustees. The bill is reported by the trust section of the state bar as part of an ongoing annual update process.
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