# 12 Del. C. § 3305: § Â 3305. Retention by bank or trust company acting as a fiduciary of its own stock

> Delaware · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3305

## Section

- **Citation:** 12 Del. C. § 3305
- **Heading:** § Â 3305. Retention by bank or trust company acting as a fiduciary of its own stock
- **Jurisdiction:** Delaware
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Delaware Code / Title 12 / Chapter 33 / Section 3305

## Text

Unless expressly provided otherwise in any instrument specified in § 3303 of this title, a bank or trust company acting as a fiduciary and authorized so to act may retain in a trust estate shares of its own capital stock acquired in any manner referred to in § 3304 of this title, as effectively as though the instrument creating or defining the fiduciary’s duties and powers expressly so provided, subject to the limitations of the standards set forth in § 3302 of this title.

## Nearby sections

- [12 Del. C. § 3301 § Â
        3301. Application of chapter; definitions [For application of this section, see 79 Del. Laws, c. 172, Â 6].](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3301.md)
- [12 Del. C. § 3302 § Â
        3302. Degree of care; authorized investments [For application of this section, see 79 Del. Laws, c. 172, Â 6].](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3302.md)
- [12 Del. C. § 3303 § Â
        3303. Effect of provisions of instrument [For application of this section, see 79 Del. Laws, c. 172, Â 6].](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3303.md)
- [12 Del. C. § 3304 § Â
        3304. Retention by fiduciary of decedent’s or settlor’s investments.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3304.md)
- [12 Del. C. § 3305 § Â
        3305. Retention by bank or trust company acting as a fiduciary of its own stock.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3305.md)
- [12 Del. C. § 3306 § Â
        3306. Deviation from terms of instrument.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3306.md)
- [12 Del. C. § 3307 § Â
        3307. Common fund investments by bank or trust company; regulations.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3307.md)
- [12 Del. C. § 3308 § Â
        3308. Power of bank or trust company acting as a fiduciary to purchase property held by its commercial or banking department.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3308.md)
- [12 Del. C. § 3309 § Â
        3309. Identification of securities.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3309.md)
- [12 Del. C. § 3310 § Â
        3310. Storage of securities.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3310.md)
- [12 Del. C. § 3311 § Â
        3311. Deposit of securities in clearing corporation.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3311.md)
- [12 Del. C. § 3312 § Â
        3312. Investments in affiliated investments; transactions with affiliates [For application of this section, see 80 Del. Laws, c. 153, Â 5].](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3312.md)
- [12 Del. C. § 3313 § Â
        3313. Advisers [For application of this section, see 80 Del. Laws, c. 153, Â 5].](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3313.md)
- [12 Del. C. § 3313A § Â
        3313A. Excluded cotrustee.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3313A.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DE_T12_C33_S3305. Check the current official text before relying on it. Not legal advice.