Delaware § 5105 - Requirements for special deposit.
Full text of Delaware Delaware Code § 5105 — Requirements for special deposit., with citation guidance and answers to common questions.
§ 5105. Requirements for special deposit.
A deposit is a special deposit if it is:
(1) A deposit of funds in a bank under an account agreement;
(2) For the benefit of at least 2 beneficiaries, 1 or more of which may be a depositor;
(3) Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;
(4) For a permissible purpose stated in the account agreement; and
(5) Subject to a contingency.
84 Del. Laws, c. 465, § 1;Frequently Asked Questions About Delaware § 5105
What does Delaware Code § 5105 cover?
Section 5105 ("Requirements for special deposit.") 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 § 5105?
A common citation format is "Delaware Code § 5105" (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 § 5105 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.