5 Del. C. § 5103

Scope; choice of law; forum.

Last amended: 2024Year: 2026Length: 150 wordsSubsections: 3Official source
(a) This chapter applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this chapter, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this State. (b) The parties to an account agreement may choose a forum in this State for settling a dispute arising out of the special deposit, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this State. (c) This chapter does not affect: (1) A right or obligation relating to a deposit other than a special deposit under this chapter; or (2) The voidability of a deposit or transfer that is fraudulent or voidable under other law.
5 Del. C. § 5103: Scope; choice of law; forum. | Justis AI