CHAPTER 114
OF THE SETTLEMENT OF PERSONAL ESTATES.
AN ACT to further amend Chapter 208, Volume 18, Laws of Delaware, as amended by Chapter 240, Volume 19, Laws of Delaware, entitled "An act concerning investments by Guardians and Trustees".
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met
SECTION I. That Section of Chapter 208, Volume 18, Laws of Delaware, entitled "An act concerning investments by Guardians and Trustees" be and the same is hereby amended by striking out all of that part of said Section between the word "share" in the ninth line thereof and the word "and" in the twelfth line thereof, to wit: "Shares of the capital stock or bonds of any corporation or association held or owned by such testator or intestate at the time of his decease at the appraised value thereof", and inserting in lieu thereof the following, to wit: "in specie by assignment, transfer or delivery, according to the nature and character of the property, to be made by the executor or administrator of any testator or intestate to such guardian or trustee of any stocks, bonds, judgments, mortgages, investments or other personal property held or owned by such testator or intestate at the time of his death at the appraised value thereof and such assignment, transfer or delivery shall vest the legal title to any such investments or property in such guardian and trustee".
SECTION 2. That Section i of said act be and the same is hereby further amended by striking out the words between the word "stock" and the word "so" in the fourteenth line thereof and inserting the words following, to wit: "bonds, judgments, mortgages, investments or other personal property"
SECTION 3. That said Chapter 208, Volume 18, Laws of Delaware, be and the same is hereby further amended by adding thereto the following, to be published, as hereinafter provided, as Section 2 of said act, to wit:
"Section 2. That whenever an executor or administrator shall make an assignment of any investments or shall transfer or deliver any personal property of any testator or intestate under the provisions of this act, he shall take from the guardian or trustee a copy of the inventory and appraisement of such investment, and personal property with the receipt of such guardian or trustee therefor thereon endorsed, together with a certified copy of the order of the Orphans' Court or the decree of the Chancellor, as the case may be, and deliver the same to the Register of Wills before whom it shall be the duty of such executor or administrator to pass his accounts, and the same shall be entered by the Register in the accounts passed before him by such executor or administrator at the several appraisements of such stocks, bonds, judgments, mortgages, investments or other personal property as collections or payments of money coining into the hands of such executor or administrator."
SECTION 4. That said Chapter 208, Volume 18, Laws of Delaware, be and the same is hereby further amended by adding thereto the following, to be published, as hereinafter provided, as Section 3 of said act, to wit:
"Section 3. That an assignment, transfer, or delivery of any investments or personal property made under the provisions of this act and in compliance therewith shall be a sufficient discharge of such executor or administrator and of his sureties for the investments and property so assigned, transferred or delivered."
SECTION 5. That said Chapter 208, Volume 18, Laws of Delaware, as hereby amended, and the amendment thereto, passed at Dover, May 5, 1891, being Chapter 246, Volume 19, Laws of Delaware, shall be published entire as amended and supplied with the acts of the present session.
SECTION 6. That Sections 2 and 3 of Chapter 246, Volume 19, Laws of Delaware, shall be published with the acts of the Present session as Sections 4 and 5 respectively of Chapter 208, Volume 18, Laws of Delaware, as amended.
Passed at Dover, March 20, 1895
*See Chapter 115, current volume.