Identification of securities. — Delaware Code § 3309
Delaware Code § 3309 — Identification of securities.. Reproduced from the official Delaware Code, with a citation summary, verification link, and related provisions.
§ 3309. Identification of securities.
(a) Except as otherwise provided by the terms of the governing instrument, all securities in a fiduciary estate, whether held by the fiduciary or an agent for the fiduciary, shall be held in such manner that the fiduciary’s name and the fiduciary capacity in which the securities are held are fully disclosed, except as provided hereafter in this section or in § 3311 of this title.
(b) A bank or trust company acting as fiduciary or as agent for a fiduciary or nonfiduciary may hold securities in the name of its nominee without disclosing the capacity in which they are held, provided the records maintained with respect to those securities disclose the capacity in which they are held and provided there is no written objection from either a cofiduciary or the person for whom it is acting as agent.
59 Del. Laws, c. 271, § 4;Source: official Delaware text · Last verified 2026-08-27
At a glance
- Citation: Delaware Code § 3309
- Jurisdiction: Delaware
- Code: Delaware Code
- Subject: Identification of securities.
- Text: transcribed from the official source (verify below)
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Common questions
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The text above is transcribed from the Delaware Code, the codified statutes of Delaware. The official publisher link appears under "Verify the text" on this page.
What subject does Delaware Code § 3309 address?
It addresses "Identification of securities.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Delaware source before relying on this text.
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