Delaware § 5103 Scope; choice of law; forum

Delaware Statutes

§ 5103 — Scope; choice of law; forum

Delaware·Title 5·Part Miscellaneous Provisions·Ch. 51 Uniform Special Deposits Act

(a)This chapter applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this chapter, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this State.

(b)The parties to an account agreement may choose a forum in this State for settling a dispute arising out of the special deposit, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this State.

(c)This chapter does not affect:

(1)A right or obligation relating to a deposit other than a special deposit under this chapter; or

(2)The

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(a) This chapter applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this chapter, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this State.

(b) The parties to an account agreement may choose a forum in this State for settling a dispute arising out of the special deposit, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this State.

(c) This chapter does not affect:

(1) A right or obligation relating to a deposit other than a special deposit under this chapter; or

(2) The voidability of a deposit or transfer that is fraudulent or voidable under other law.

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