Requirements for special deposit.

Del. Code tit. 5, § 5105
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title5/c051/index.htmlFetched: 6/28/2026

Starting a business in Delaware? Delaware LLC guide: costs and requirements