Master in Chancery Kim Ayvazian is retiring after serving more than 11 years in her role as a fact-finder for the Delaware Court of Chancery.
Ayvazian, who was appointed to the post in November 2006, was not available Wednesday to comment on her upcoming retirement, but a Chancery Court spokeswoman confirmed she planned to step down in the coming months.
As master, Ayvazian adjudicated cases assigned to her by the court, sometimes making recommendations on how judges should proceed. She also played an administrative role in the areas of trusts, estates and guardianships, making sure that cases advanced smoothly.
Her retirement is not expected to go into effect until early summer; however, no formal date has been provided by Ayvazian or the court.
A 1986 graduate of the University of Chicago Law School, Ayvazian worked as a deputy attorney general in the appeals unit of the Delaware Department of Justice before Chancellor William B. Chandler III hired her as master.
According to documents posted to the Court of Chancery website, Ayvazian published about 130 final master’s reports in her tenure on the court, including seven so far this year.
The Chancery Court is accepting applications for the $113,000-per-year position through Friday, according to a notice on the judiciary website.
Applicants for master in Chancery are not subject to the standard vetting process for judgeships, and Chancellor Andre G. Bouchard will ultimately be responsible for interviewing and naming Ayvazian’s successor.
Morgan Zurn, also a former deputy attorney general in the DOJ, serves as the court’s other master. She was selected last March to replace Abigail M. LeGrow, who became a judge on the Superior Court last year.
Also among the ranks of former masters in Chancery is Vice Chancellor Sam Glasscock III, who held the post from 1999 to 2011 before taking a seat on the Chancery court bench.
Applicants for master in Chancery must be attorneys in good standing with the Delaware bar, with five year of legal experience. Unlike judicial positions, there is no term limit or reappointment process.