SB 327·DE·senate
AN ACT TO AMEND TITLE 5 AND TITLE 12 OF THE DELAWARE CODE RELATING TO FAMILY TRUST COMPANIES.
Signed into LawFiled May 19, 2026
Sponsor: Spiros Mantzavinos (D)
Latest Action
Signed
Jul 15, 2026
Summary
The bill lets a single family form its own regulated trust company, defining who counts as a family member and what information must stay confidential. It amends naming rules, capital requirements, fiduciary powers and compensation reporting for these family trust companies, and directs the State Bank Commissioner to issue tailored regulations. The changes aim to expand Delaware’s trust services while ensuring oversight suited to family‑run entities.
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