Delaware § 1415 - Moneys received as trust funds; fiscal agents to act as trustees.
Full text of Delaware Delaware Code § 1415 — Moneys received as trust funds; fiscal agents to act as trustees., with citation guidance and answers to common questions.
§ 1415. Moneys received as trust funds; fiscal agents to act as trustees.
All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this chapter. The resolution or trust agreement providing for the issuance of revenue bonds of the authority shall provide that any officer to whom or any bank, trust company or other fiscal agent to which such moneys shall be paid shall act as trustees of such moneys and shall hold and apply the same for the purposes hereof, subject to such regulations as such resolution or trust agreement may provide.
16 Del. C. 1953, § 1415; 49 Del. Laws, c. 417.;Source: official Delaware text · Last verified 2026-08-27
Frequently Asked Questions About Delaware § 1415
What does Delaware Code § 1415 cover?
Section 1415 ("Moneys received as trust funds; fiscal agents to act as trustees.") is part of the Delaware Code, the codified statutory law of Delaware. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Delaware § 1415?
A common citation format is "Delaware Code § 1415" (Delaware). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Delaware law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Delaware official source linked on this page or consult a licensed Delaware attorney.
How does Delaware § 1415 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Delaware can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Delaware.