Richards Layton & Finger

Delaware Series Trusts - Separate but Not Equal

February 2009

This article discusses the history of the use of trusts organized in series under the Investment Company Act of 1940 (the 1940 Act); the series provisions of the Delaware Statutory Trust Act (the DSTA); the common issues and questions that arise as a result of the use of series; and the future of the series concept under the DSTA.