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Del. Code tit. 5, § 5108

Property interest of depositor or beneficiary

Known as the Uniform Special Deposits Act

The act spans §§ 5–5 (16 sections).

84 Del

(a) Neither a depositor nor a beneficiary has a property interest in a special deposit.

(b) Any property interest with respect to a special deposit is only in the right to receive payment if the bank is obligated to pay a beneficiary and not in the special deposit itself. Any property interest under this subsection is determined under other law.

Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.