Section 3340 - Place of administration [for application of this section, see 80 del. laws, c. 153, Section 5]For purposes of this title, and without limiting other ways in which a trust may be considered to be administered in this State, a trust is administered in this State if:
(1) The sole trustee is an individual residing in this State or a corporation or other entity having an office for the conduct of trust business in this State;(2) The trust has more than 1 trustee only 1 of which is a corporation or other entity and that corporation or other entity has an office for the conduct of trust business in this State; or(3) The trust has more than 1 trustee all of whom are individuals and 1/2 or more of whom reside in this State.Amended by Laws 2023 , ch. 182, s 6, eff. 8/31/2023.Added by Laws 2015 , ch. 153, s 3, eff. 8/1/2015.