{"data":{"id":"us-de/12-del.-c.-3316","jurisdiction":"us-de","citation":"12 Del. C. § 3316","heading":"Substituted property; equivalent value; fiduciary duty.","body":"Except as otherwise expressly provided by the terms of a governing instrument, if a trustor has a power to substitute property of equivalent value, the fiduciary responsible for investment decisions has a fiduciary duty to determine that the substituted property is of equivalent value prior to allowing the substitution.","path":["Title 12. Decedents’ Estates and Fiduciary Relations","Fiduciary Relations","CHAPTER 33. Administrative Provisions"],"source_url":"https://delcode.delaware.gov/title12/c033/index.html#3316","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:15Z","sha256":"afa72323d0dad3f086a4f790fb187b96c61e12eaeef4fa0653fa985fdc8e2fa5","source_id":"us-de","stale":true,"prev":"us-de/12-del.-c.-3315","next":"us-de/12-del.-c.-3317"},"notice":"GroundRules: Original legal text. Not legal advice."}