Delaware Statutes
§ 73-603 — Escrow of funds
Whenever the Director shall deem it necessary in the public interest the Director 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 Director.
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Legislative History
6 Del. C. 1953, § 7321; 59 Del. Laws, c. 208, § 1 ; 70 Del. Laws, c. 186, § 1 ; 78 Del. Laws, c. 175, §§ 105, 118 ; 79 Del. Laws, c. 182, § 3
Nearby Sections
15
§ 73-101
Short title; purpose§ 73-102
Administration of chapter§ 73-103
Definitions§ 73-104
False and misleading filings§ 73-206
Stop orders§ 73-207
Exemptions§ 73-208
Federal covered securities