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Title 10, Section 342 of the Delaware Code provides that the Court shall not hear any matters for which an adequate remedy exists at law or which can be heard by any other Delaware court. [8] As a practical matter, this means that the Court cannot grant relief in the form of money damages to compensate a party for a loss or where another court ...
A Delaware Statutory Trust (DST) owns income-producing real estate and sells percentage shares of ownership to investors who expect to receive income and appreciation. DSTs can offer significant ...
Once an instrument affecting the title to real estate has been recorded, the law holds that everyone is deemed to know of its existence, even if they have not searched the records in the recorder's office. This is the doctrine of "constructive notice" and it is nearly universal in the various states of the U.S. So, for example, after a deed or ...
As an entity that was created within the boundaries of Delaware and is written into the Delaware state charter, Title 12 Chapter 38, there is no question as to where the state stands on the backing of the Delaware statutory trust. [11] Limited liability is offered for DSTs, affording each trustee the benefit of personal asset protection.
The Delaware Supreme Court is the state's highest court. The Delaware Superior Court is the state's trial court of general jurisdiction. The Delaware Court of Chancery deals primarily in corporate disputes. The Family Court handles domestic and custody matters. The Delaware Court of Common Pleas has jurisdiction over a limited class of civil ...
In 2023 Secretary Garvin announced the state would adopt regulations requiring car manufacturers to deliver an increasing percentage of zero-emission vehicles to the state. Similar to policies adopted in some other states as an anti-climate change measure, the initiative would require 43% of new cars and trucks sent to Delaware for sale be zero ...
In United States law, a lis pendens (Latin for 'suit pending' [1]) is a written notice that a lawsuit has been filed concerning real estate, involving either the title to the property or a claimed ownership interest in it. The notice is usually filed in the county land records office.
In a deed of trust, a person who wishes to borrow money conveys legal title in real property to a trustee, who holds the property as security for a loan from the lender to the borrower. The equitable title remains with the borrower. [1] The borrower is referred to as the trustor, while the lender is referred to as the beneficiary. [2]