{"data":{"id":"us-de/25-del.-c.-81-410","jurisdiction":"us-de","citation":"25 Del. C. § 81-410","heading":"Escrow of deposits.","body":"Any deposit made in connection with the purchase or reservation of a unit from a person required to deliver a public offering statement pursuant to § 81-402(c) of this title must be placed in escrow and held either in this State or in an account designated solely for that purpose by an attorney or a licensed real estate broker or an institution whose accounts are insured by a governmental agency or instrumentality until: (i) delivered to the declarant at closing; (ii) delivered to the declarant because of the purchaser’s default under a contract to purchase the unit; or (iii) refunded to the purchaser. An escrow agent acting in good faith and in accordance with the terms of the escrow shall have no liability for the disposition of the fund.","path":["Title 25. Property","Common Interests and Ownership of Real Estate","CHAPTER 81. Delaware Uniform Common Interest Ownership Act","Subchapter IV. Protection of Purchasers"],"source_url":"https://delcode.delaware.gov/title25/c081/sc04/index.html#81-410","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:31Z","sha256":"3936864a75d74b787fd1535fbc7845c459f5d13e533405363b08f6e0cfdaecb8","source_id":"us-de","stale":true,"prev":"us-de/25-del.-c.-81-409","next":"us-de/25-del.-c.-81-411"},"notice":"GroundRules: Original legal text. Not legal advice."}