2012 Delaware Code
Title 6 - Commerce and Trade
CHAPTER 73. SECURITIES ACT [EFFECTIVE UNTIL NOV. 14, 2011]
Subchapter VI. Remedies for Violations
§ 73-603. Escrow of funds.
Whenever the Commissioner shall deem it necessary in the public interest the commissioner may require that the proceeds of sale of the securities of an issuer be held intact until such proceeds aggregate a fixed amount and that such proceeds be held intact under an appropriate agreement of escrow with a bank or trust company approved by the Commissioner.
6 Del. C. 1953, § 7321; 59 Del. Laws, c. 208, § 1; 70 Del. Laws, c. 186, § 1; 78 Del. Laws, c. 175, §§ 105, 118.;
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