CHAPTER 226

FORMERLY

HOUSE BILL NO. 370

AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO RESTRICTIONS ON FRAUDULENT TRANSFERS.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE :

Section 1. Amend Section 1307, Title 6, of the Delaware Code by adding at the end thereof a new subsection (c) to read as follows:

“(c) Notwithstanding any other provision of law or equity, a creditor shall have no right to relief against any trustee, attorney or other advisor who has not acted in bad faith on account of any transfer. For purposes of this subsection, it shall be presumed that the trustee, attorney, or other advisor did not act in bad faith merely by counseling or effecting a transfer.”

Section 2. This act shall be effective upon enactment.

Approved July 23,1999