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Code · Delaware · Title 5 — Banking · Chapter 51. Uniform Special Deposits Act

§ 5116. Transitional provision.

70 words·~1 min read·/de/title-5/chapter-51-uniform-special-deposits-act/5116·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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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