§ 3593 Interest on pecuniary gifts in trust [For application of this section, see 79 Del. Laws, c. 172, § 6].

12 DE Code § 3593 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Except where circumstances justify a longer period, pecuniary gifts from an inter vivos trust which are payable as of the death of the trustor or another person, shall bear interest at the rate of 4 percent per annum payable from the trust beginning 13 months after such death, or, if there is a change of trustee as a result of such death, 13 months after the trustee first takes office as trustee following such death, until payment, unless a contrary intent is indicated by the governing instrument.

75 Del. Laws, c. 299, § 2; 79 Del. Laws, c. 172, § 3.