Delaware Statutes
§ 3502 — Payments to contractor impressed with trust
All moneys or funds received by a contractor in connection with a contract for the erection, construction, completion, alteration or repair of any building or for additions to a building and all moneys or funds received by a contractor in connection with a contract for the sale of land and the erection, construction, completion, alteration or repair of any building or addition thereon, shall be trust funds in the hands of the contractor.
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Legislative History
38 Del. Laws, c. 169, § 1 ; Code 1935, § 3652; 44 Del. Laws, c. 163, § 1 ; 6 Del. C. 1953, § 3502