Reports of Delaware Court of Chancery Chancellor Leo E. Strine Jr. aggressively offering his input on proposed legislation have drawn mixed responses from the Delaware legal community. Some members of the trust bar have offered the opinion that Strine has stepped over boundaries with his efforts, while his predecessor as chancellor says that there is a "long history" of the Delaware General Assembly seeking input from judicial officials on proposed legislation.
Strine had objected to legislation that would allow the beneficiaries of a statutory trust that has no serving trustee to name a successor trustee without the judicial review or approval of the Chancery Court, according to an article in The News Journal. The bill, identified as Senate Bill 138, was unanimously approved by the Senate on June 20.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]