Delaware Code Title 12 Sec. 3539 – Charitable trust; sale of timber on lands; application of proceeds
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The Court of Chancery may, when in its judgment the exercise thereof will promote the interests of the charity, direct wood or timber growing on land conveyed or devised for charitable uses to be cut and sold and the proceeds applied to repairs or the purchase of lime or other manures and making other improvements of such real estate. This section shall apply only to cases where the whole interest in the land is the subject of charitable uses.
Code 1852, § ?1948; Code 1915, § ?3881; Code 1935, § ?4405; 12 Del. C. 1953, § ?3539;
Terms Used In Delaware Code Title 12 Sec. 3539
- Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
- Court: means the Court of Chancery. See Delaware Code Title 12 Sec. 39A-101
