Delaware § 5116 - Transitional provision.
Full text of Delaware Delaware Code § 5116 — Transitional provision., with citation guidance and answers to common questions.
§ 5116. Transitional provision.
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.
84 Del. Laws, c. 465, § 1;84 Del. Laws, c. 465, § 1;
Frequently Asked Questions About Delaware § 5116
What does Delaware Code § 5116 cover?
Section 5116 ("Transitional provision.") 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 § 5116?
A common citation format is "Delaware Code § 5116" (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 § 5116 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.