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---
type: "Bill"
title: "AN ACT TO AMEND CHAPTER 38, TITLE 12 OF THE DELAWARE CODE RELATING TO THE CREATION, REGULATION, OPERATION, AND DISSOLUTION OF DOMESTIC STATUTORY TRUSTS."
description: "This Act continues the practice of amending periodically the Delaware Statutory Trust Act (the “Act”) to keep it current and to maintain its national preeminence. The following is a section-by-section review of proposed amendments of the Act."
jurisdiction: "us/states/de"
legislature: "Delaware General Assembly"
session: "151"
identifier: "SB 284"
citation: "Delaware SB 284 (151)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Bryan Townsend", "Krista Griffith", "Kyle Evans Gay", "Sean M. Lynn", "Spiros Mantzavinos", "Stephanie L. Hansen", "William Bush"]
version_count: 2
action_count: 10
vote_count: 3
first_action: "2022-05-05"
last_action: "2022-07-27"
source: "openstates"
source_identifier: "ocd-bill/72f35a2e-c5b3-4a1f-99c4-f3f25be3425b"
source_url: "https://legis.delaware.gov/BillDetail?LegislationId=109453"
source_hash: "5c7bf4b7654bbd9aedf373835a2d5dec124ba1a66d9359bbb41615883421a513"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-de"]
---
# Delaware SB 284 (151) — AN ACT TO AMEND CHAPTER 38, TITLE 12 OF THE DELAWARE CODE RELATING TO THE CREATION, REGULATION, OPERATION, AND DISSOLUTION OF DOMESTIC STATUTORY TRUSTS.
This Act continues the practice of amending periodically the Delaware Statutory Trust Act (the “Act”) to keep it current and to maintain its national preeminence. The following is a section-by-section review of proposed amendments of the Act.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Bill Text** (committee substitute) — [source](https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=109453&legislationTypeId=1&docTypeId=2&legislationName=SB284)
2. **HA 1 to SB 284** (committee substitute) — [source](http://legis.delaware.gov/json/BillDetail/GeneratePdfDocument?legislationId=129714&legislationTypeId=5&docTypeId=2)
## Votes
- 3/5 — **370** (pass) · lower
- 3/5 — **210** (pass) · upper
- 3/5 — **210** (pass) · upper
## Sponsors
- Bryan Townsend — primary (person)
- Krista Griffith — primary (person)
- Kyle Evans Gay — primary (person)
- Sean M. Lynn — primary (person)
- Spiros Mantzavinos — primary (person)
- Stephanie L. Hansen — primary (person)
- William Bush — primary (person)
- Jeffrey N. Spiegelman — cosponsor (person)
- John "Jack" Walsh — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2022-05-05** Introduced and Assigned to Banking, Business & Insurance Committee in Senate `introduction, referral-committee`
- **2022-05-11** Reported Out of Committee (Banking, Business & Insurance) in Senate with 1 Favorable, 4 On Its Merits `committee-passage, committee-passage-favorable`
- **2022-05-18** Passed By Senate. Votes: 21 YES `passage`
- **2022-05-19** Assigned to Economic Development/Banking/Insurance & Commerce Committee in House `introduction, referral-committee`
- **2022-06-14** Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 1 Favorable, 8 On Its Merits `committee-passage, committee-passage-favorable`
- **2022-06-15** Amendment HA 1 to SB 284 - Introduced and Placed With Bill `amendment-introduction`
- **2022-06-23** Amendment HA 1 to SB 284 - Passed In House by Voice Vote `amendment-passage`
- **2022-06-23** Passed By House. Votes: 37 YES 4 ABSENT `passage`
- **2022-06-28** Passed By Senate. Votes: 21 YES `passage`
- **2022-07-27** Signed by Governor `executive-signature`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/72f35a2e-c5b3-4a1f-99c4-f3f25be3425b`. Confidence: reported (aggregated from official Delaware legislature records).