OF THE SETTLEMENT OF PERSONAL ESTATES.
AN ACT to Amend Chapter 226, Volume XXV Laws of Delaware, entitled "An Act in Relation to the accounts of Trustees and Investment of Trust Funds."
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That Section 2 of Chapter 226 Volume XXV Laws of Delaware, entitled "An Act in Relation to the accounts of Trustees and Investment of Trust Funds" be and the same is hereby amended by striking out the words "and the manner of the investment of the principal funds thereof" in the seventh and eighth lines of said section, and by adding at the end of the first paragraph of said section the following: "Such accounts shall also show the manner in which the principal of the trust is invested ; and upon the request of the trustee, or of any party in interest, the Chancellor shall, and upon his own motion he may proceed to approve or disapprove of said investments ; but otherwise he shall approve or disapprove of the remainder of the account without passing upon the manner in which the principal of the trust is invested."
Section 2. That Section 3 of said Act be and the same is hereby amended by inserting at the end of said section the following: "and provided further that the foregoing specification of classes and kinds of securities in which trustees may invest the funds of their estates, shall not be construed to relieve said trustees from the duty of exercising due care in the investment of said funds."
Approved March 29, A. D. 1911.