§ 3818 Treasury interests.

12 DE Code § 3818 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Except to the extent otherwise provided in the governing instrument of a statutory trust, a statutory trust may acquire, by purchase, redemption or otherwise, any beneficial interest in the statutory trust held by a beneficial owner of the statutory trust. Except to the extent otherwise provided in the governing instrument of a statutory trust, any such interest so acquired by a statutory trust shall be deemed canceled.

70 Del. Laws, c. 548, § 16; 73 Del. Laws, c. 329, § 1.