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HB 298

AN ACT TO AMEND TITLE 12 OF THE DELAWARE CODE RELATING TO THE CREATION, REGULATION, OPERATION, AND DISSOLUTION OF STATUTORY TRUSTS.

153rd General Assembly (2025-2026) Introduced by Bill Bush and 6 co-sponsors

HB 298 amends Delaware's statutory trust laws governing creation, regulation, operation, and dissolution to modernize the regulatory framework.

Signed by Governor
0
WeVote Research Nonpartisan
Bill Summary · HB 298

Legislative bill overview

HB 298 would modify Delaware's statutory trust laws under Title 12 of the Delaware Code, affecting how these trusts are created, regulated, operated, and dissolved. The bill appears to modernize or refine the legal framework governing statutory trusts, which are commonly used financial and business instruments in Delaware. Specific amendments are not detailed in the available information, but the scope suggests comprehensive updates to trust governance provisions.

Why is this important

Delaware is the national leader in trust and corporate formation, with statutory trusts serving as important vehicles for investment funds, securitizations, and structured finance arrangements. Changes to these regulations directly impact the competitiveness of Delaware's business-friendly legal environment and could affect thousands of existing trusts and future financial arrangements. The amendments could influence how businesses structure operations, manage assets, and comply with state requirements.

Potential points of contention

  • Clarity of regulatory burden: Whether proposed changes impose new compliance obligations or reporting requirements that could increase administrative costs for trust sponsors and trustees
  • Existing trust protections: Whether modifications to operational rules adequately protect beneficiaries while maintaining Delaware's competitive advantage for trust formation
  • Interstate implications: How changes align with or diverge from other states' trust laws, potentially affecting multi-state trust arrangements and Delaware's market position

Compiled from official sources — confirm details with the bill’s official record.

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