Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

6 Del. C. § 2826: Escrow.

Where this section sits in the code

Title 6. Commerce and Trade
SUBTITLE II
Other Laws Relating to Commerce and Trade
CHAPTER 28. Campground Resorts Membership and Vacation Time-Sharing Plans Sales Act
Subchapter II. Vacation Time-Sharing Plan

All purchase money received from or on behalf of a purchaser in connection with the execution of a contract shall be deposited and held in this State in an escrow account designated solely for that purpose, which may be the seller’s own escrow account or that of the seller’s attorney, until the time for cancellation has expired as provided for in § 2824 of this title, unless a later time is provided in the contract. If the contract has not been canceled, any purchase money received from a purchaser may be released to the seller upon:

(1) The conveying to the purchaser of the right or license to use the time-share unit and facilities as required in the contract; or

(2) The forfeiture of the purchase money by the purchaser under the terms of the contract.

Collected 2026-09-05T23:02:07Z. Source file · JSON

Browse this collection