Term and termination.

Del. Code tit. 5, § 5113
in effect
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(a) Unless otherwise provided in the account agreement, a special deposit terminates 5 years after the date the special deposit was first funded. (b) Unless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries. (c) A bank that pays the remaining balance as provided under subsection (b) of this section has no further obligation with respect to the special deposit.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title5/c051/index.htmlFetched: 6/28/2026

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