Del. Code tit. 6 § 73-603

Current through 2024 Legislative Session Act Chapter 531

Section 73-603 - Escrow of funds

Whenever the Director shall deem it necessary in the public interest the Director may require that the proceeds of sale of the securities of an issuer be held intact until such proceeds aggregate a fixed amount and that such proceeds be held intact under an appropriate agreement of escrow with a bank or trust company approved by the Director.

6 Del. C. § 73-603

6 Del. C. 1953, § 7321; 59 Del. Laws, c. 208, §1; 70 Del. Laws, c. 186, § 1; 78 Del. Laws, c. 175, §§ 105, 118.;