Delaware General Assembly

CHAPTER 526.

OF THE SUPERIOR COURT.

AN ACT authorizing the Superior Court to deposit or invest money paid into said Court.

Be it enacted by the Senate and House of Representatives of the State of Delaware, in General Assembly met:

SECTION 1. The Superior Court shall have authority to deposit, in the name of the court, in any savings bank of this State, or to invest in the name of the State in the funded debt of this State or of the United States, or upon bond or mortgage, or both, any money which has been or may be paid into said court when the person entitled to the same is a non-resident of this State, unknown or incompetent to receive the same, or when for any sufficient cause it may be impossible or improper to pay the same to the party interested therein.

SECTION 2. The money so deposited or invested may be called in, collected, redeposited, reinvested or paid to the parties entitled to the same, as said court may from time to time direct. And costs incurred under this act shall be payable out of the fund.

Passed at Dover, March 9, 1881.