Timeline
CTC was formed in 1931 as a private banking company. In 1989, the current owners purchased an interest in CTC and acquired the balance of the shares of the company in 1994. Over the years, CTC has come to be known as a boutique trust company providing excellent service in a highly specialized area. There have been many significant happenings in Delaware trust law since 1931, the most significant of which have been highlighted below on our timeline.
1931
Commonwealth Trust Company established ...
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1933
Delaware enacted legislation providing ...
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1942
Hamilton Trust Company merged ...
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1957
Lewis v. Hanson - Hanson v. Denckla ...
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1989
Peter and Jim Horty purchased a partial interest ...
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1991
CTC moves to Bancroft Mills Road
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1994
Peter and Jim Horty assume controlling interest ...
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1994
Directed Trust statute passed ...
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1995
DE abolished Rule Against Perpetuities ...
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1997
Qualified Disposition in Trust Act est. ...
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2000
Codification of the common law doctrine ...
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2001
Total Return Trust statute enacted ...
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2003
Provision added to the Delaware Statute ...
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2004
Duemler v. Wilmington Trust Co. ...
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2005
U.S. Bankruptcy Code amended ...
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2006
The creation of purpose trusts ...
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2009
Uniform Principal and Income Act ...
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2010
Tenancy by the Entireties Property contributed ...
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2011
Investment decisions are now expanded ...
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