Delaware Code Title 12 Sec. 3508 – Appointment of fiduciary to receive benefits payable by the United …
(a) Whenever any military or administrative body or agency of the government of the United States of America is authorized or directed to pay monetary benefits to any person and the said body or agency requires that a trustee or guardian be appointed by a court to receive such benefits, the Court of Chancery, upon the presentation of a petition drawn and executed in conformity with the rules of the Court, upon evidence satisfactory to the Court, shall appoint a trustee or guardian with authority to receive said moneys and all other property, and to disburse and account for the same in accordance with the rules and orders of the Court.
Terms Used In Delaware Code Title 12 Sec. 3508
- Court: means the Court of Chancery. See Delaware Code Title 12 Sec. 39A-101
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Fiduciary: A trustee, executor, or administrator.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Guardian: is a "guardian of the person" as that term is used in this title. See Delaware Code Title 12 Sec. 39A-101
- Trustee: A person or institution holding and administering property in trust.
- United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302
(b) There shall be no charge made by any public officer nor any costs taxed or allowed by the Court in any proceeding brought under this section or in subsequent proceedings brought by a fiduciary appointed under this section.
(c) A trustee or guardian appointed under this section shall be entitled to such reasonable expenses and compensation as the Court allows.
Code 1915, § ?3869A; 31 Del. Laws, c. 64, § ?1; 34 Del. Laws, c. 217, § ?1; Code 1935, § ?4394; 12 Del. C. 1953, § ?3508; 54 Del. Laws, c. 245.;