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Delaware Code
2025 Delaware Code
Title 5 - Banking
Chapter 51. Uniform Special Deposits Act
§ 5105. Requirements for special deposit.
Universal Citation:
5 DE Code § 5105 (2025)
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§ 5105. Requirements for special deposit. 84 Del. Laws, c. 465, § 1;
A deposit is a special deposit if it is:
(1) A deposit of funds in a bank under an account agreement;
(2) For the benefit of at least 2 beneficiaries, 1 or more of which may be a depositor;
(3) Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;
(4) For a permissible purpose stated in the account agreement; and
(5) Subject to a contingency.
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