Delaware § 5116 Transitional provision

Delaware Statutes

§ 5116 — Transitional provision

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

This chapter applies to:

(1)A special deposit made under an account agreement executed on or after January 1, 2025; and

(2)A deposit made under an agreement executed before January 1, 2025, if: a. All parties entitled to amend the agreement agree to make the deposit a special deposit governed by this chapter; and b. The special deposit referenced in the amended agreement satisfies § 5105 of this title.

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This chapter applies to:

(1) A special deposit made under an account agreement executed on or after January 1, 2025; and

(2) A deposit made under an agreement executed before January 1, 2025, if:

a. All parties entitled to amend the agreement agree to make the deposit a special deposit governed by this chapter; and

b. The special deposit referenced in the amended agreement satisfies § 5105 of this title.

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